The U.S. Securities and Exchange Commission (SEC) has concluded its investigation of crypto exchange Gemini. According to co-founder and President Cameron Winklevoss, the SEC stated it will not recommend enforcement action at this time based on available information. However, this decision does not signify an exoneration as further action may be taken in the future. Winklevoss expressed disappointment regarding the investigation’s impact on Gemini, stating that the agency incurred significant financial losses and hindered innovation for the crypto industry. He highlighted the SEC’s broader impact on other cryptocurrency companies and projects, which he claims has significantly hampered American economic growth.