Gemini CLO: Third Circuit warns U.S. SEC’s tactics risk crippling crypto; Winklevoss: “The jig is up”

Gemini’s Chief Legal Officer Tyler Meade cited via X U.S. Judge Bibas’s opinion in Coinbase Exchange v. U.S. Securities and Exchange Commission (SEC), arguing that the SEC has bypassed the rulemaking process to impose a de facto ban on crypto. Meade warned that it's dangerous for a few regulators to control an industry aimed at reshaping global finance. Co-founder Tyler Winklevoss echoed the criticism on X, saying, “The jig is up.”