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Late follow-up: Tyler Winkelvoss, co-founder of Gemini, is claiming that the SEC was in active discussion over most of the time the Earn program was around, and
by SilasX 4y ago
Late follow-up: Tyler Winkelvoss, co-founder of Gemini, is claiming that the SEC was in active discussion over most of the time the Earn program was around, and never warned about the possibility of selling unregistered securities:
https://twitter.com/tyler/status/1613674687875411969 https://twitter.com/tyler/status/1613674687875411969
- morpheos137 4y agoIgnorance of the law is not a defense. Surely Winklevoi can afford good lawyers to advise them. Likely they knew their product was illegal but hoped to push it anyway in the mob rule mentality that is in the zeitgeist.
- godzillabrennus 4y agoAny “good” lawyer in the United States has told their clients to treat selling crypto assets as selling a security.
- SilasX 4y agoI wasn’t claiming that ignorance of the law is a defense. I was just speaking to the issue of inconsistent behavior in warning one but not the other. See the thread up to that comment — the relevance will be more clear in context.