Gemini co-founder slams SEC for inconsistency after suing Coinbase, Binance but approving Prometheum
Tyler Winklevoss, the co -founder of Gemini, a cryptocurrency exchange compliant with New York rules, has criticized the Securities and Exchange Commission (SEC), saying that while the regulator has filed legal actions against prominent cryptocurrency exchanges, including Binance, Coinbase, Gemini, and Kraken, alleging non-compliance with security laws, it has gone ahead and approved, Prometheum, a lesser known crypto exchange. Tyler, analysts skeptical on Prometheum During his evaluation, he noticed that Prometheum has been operational for over six years but has yet to release any products. This has caused concerns about their progress and capability to fulfill their commitments. Moreover, the platform has employed several ex-SEC and Financial Industry Regulatory Authority (FINRA) staff members, which some view as an uncommon occurrence. Another aspect that has raised eyebrows is the hiring of a chief technology officer (CTO) by Prometheum, who is reportedly based in the Isle of ...