Cameron Winklevoss steps down from Gemini’s European board

    According to a filing with the UK’s Companies House on October 12, Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, resigned from the board of directors. According to a statement provided to a London newspaper, Cameron Winklevoss and his twin brother Tyler continue to run Gemini International.

    “We can confirm this change was filed with Companies House and brings local leadership onto the board of directors to reflect the growth of Gemini’s business in the UK and Europe. Cameron and Tyler Winklevoss continue as President and CEO at Gemini.” 

    It has been reported that Gemini’s European and Irish operations head, Gillian Lynch, will replace Blair Halliday on the board. According to his LinkedIn profile, Blair was the U.K. managing director at Gemini for two years before leaving for competitor Kraken this month. After receiving an electronic money institution (EMI) authorization from the Central Bank of Ireland (CBI) in the prior months, Gemini announced in July that it had been registered as a VASP by the CBI, allowing the company to issue electronic money, provide electronic payment services, and handle electronic payments on behalf of third parties.

    The United States Commodity Futures Trading Commission (CFTC) filed a lawsuit against Gemini in June, alleging that the company violated the Commodity Exchange Act and other regulations by making false or misleading statements during in-person meetings and in documents in 2017. The CFTC claims that Gemini made these statements in 2017.

    Over ten percent of the exchange’s workforce was let go earlier this year as part of a “extreme cost-cutting” initiative implemented during the crypto winter. This move came just two months after the company’s co-founders were profiled in Forbes as crypto billionaires, each with a fortune of four billion dollars.

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