The Cryptocurrency Exchange Gemini, supported by Cameron and Tyler Winklevoss, is planning to move to a Miami office space, as the US Securities and Exchange Commission’s Commission’s Commission’s implementation case may reach its end.
According to a post on March 31 from Sterling Bay Properties, Gemini signed A rent for an office in Miami’s Wynwood Art District. The move will expand the exchange offices from Europe and New York to Florida, where some crypto companies are headquarter.
Bloomberg reported Gemini is expected to move to the Miami office in May. The cointelegraph reached the comment exchange but did not receive a response at the time of publication.
Wrapping regulatory issues?
Moving to Florida came in the middle of a federal judge ordering a 60-day stay In the SEC lawsuit against the Gemini Global Capital “to allow the parties to explore a potential resolution.” The action of the implementation, filed in January 2023, cited the Crypto firm that offered and sold unregistered security through the Gemini Earn program.
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Cameron Winklevoss said in February that the regulator closed an investigation into a separate object involving Gemini. The firm is also Sumang -according to January with a $ 5 million penalties The US Commodity Futures Trading Commission imposed on alleged “false and misleading” statements related to the 2017 bid to offer bitcoin (Btc) Futures contracts.
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Gemini reported Filed Confidential for an initial public offering (IPO) earlier this year. The exchange could pursue an IPO early in 2021 before shares of many US -based companies were publicly exchanged.
Many crypto companies have regional offices in Miami, perhaps because of the seemingly desired regulation in Florida and the lack of state income tax for residents. The Ripple Labs has offices in the Wynwood neighborhood, not far from Gemini’s future location, and BTC Miner Mara Holdings is headquarter at Fort Lauderdale.
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