Former US Securities and Exchange Commission enforcement chief Lisa Braganca has let slip that she is “puzzled” by the regulator’s delayed enforcement action against Gemini.

The Genesis situation keeps getting worse.

U.S. lawmaker Tom Emmer said SEC chairman Gary Gensler is “protecting” no one with his “regulation through enforcement” strategy.

In a series of tweets, Gemini co-founder, Tyler Winklevoss, slammed SEC for filing a lawsuit against his crypto exchange. Earlier, the US SEC announced that it was suing Gemini and Genesis for allegedly offering unregistered securities.

The Securities and Exchange Commission (SEC) has filed a complaint against Genesis Global Capital and Gemini Trust Company for allegedly selling unregistered securities to retail investors in the US. The SEC is seeking permanent injunctive relief, disgorgement of ill-gotten gains, plus front-end interest and civil penalties.

Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to step down as CEO. Silbert shared his letter on Twitter and said he had been reflecting deeply over the past year on the state of the cryptocurrency industry and its direction.

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm's CEO Barry Silbert.

In response to Gemini co-founder Cameron Winklevoss's latest open letter , Digital Currency Group @DCGco wrote on Twitter:

Gemini told clients in an email today that it is terminating customer loan agreements with Genesis Global Capital as it winds down its Earn program.

The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange's nearly two-year-old Gemini Earn program.