Winklevoss twins respond to backlash over "Crypto needs rules" ad campaign

26 Jan, 2019
by David Borman
News
Winklevoss twins respond to backlash over Crypto needs rules ad campaign

Bitcoin News is reporting that Tyler and Cameron Winklevoss are responding to criticism they have received for the recent ad campaign they ran on New York City subway's and cabs, which expressed statements such as "Crypto needs rules," and "Money has a future."

Apparently the message that Gemini is coming in to give "rules" to cryptocurrency trading is offensive to many who feel crypto was created to escape the rules that have always been imposed in banking.

Read more: "Money has a future": Reddit spots crypto exchange ad in NYC subway

Chris Roan of Gemini marketing responded with the following:

"We believe that investors coming into cryptocurrency deserve the exact same protections as investors in more traditional markets, adhering to the same standards, practices, regulations and compliance protocols"

The Winklevoss twins themselves have argued that these rules are being brought in to align the crypto markets with the international fiat markets, which should give most investors comfort. They doubled down by connecting their philosophy to the concerns over global terror:

"Terrorist financing is a real thing. Being a New Yorker and living in New York, you know, September 11, is a real thing and that’s really, that’s the overarching goal of [the Bank Secrecy Act and anti-money laundering laws]."

Whether this connection is valid is debatable, but it looks like nothing is going to sway Gemini and the brothers Winklevoss from trying to have a hand in regulating the market.

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Is the criticism of this campaign fair?

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Add a comment

I hope these Gemini will repeat the fate of the gemini towers
27 Jan, 2019 - 18:05
i knew that gemini founders are not so clever but i didn't know that they don't have the brains at all
27 Jan, 2019 - 19:05
They didn’t manage to implement their dirty games, so Gemini began to justify
27 Jan, 2019 - 19:17
We deserve protection but only specialized authorities must take care of us, not cheaters Gemini
27 Jan, 2019 - 19:34
by reading such news what nonsense gemini twins tell i begin understand why gemini stablecoin is so stupid
27 Jan, 2019 - 20:36
Let them bring order in their project Gemini first and then think globally about the Crypto world and tell everyone their opinions!!!
27 Jan, 2019 - 20:41
Gemini's got too much criticism
28 Jan, 2019 - 15:24
"nothing is going to sway Gemini and the brothers Winklevoss from trying to have a hand in regulating the market." Sounds like a joke. Gemini is too weak yet.
28 Jan, 2019 - 17:18
i even don't want to read what they tell. gemini was not a strong and safe platform because it's impossible with inadequate management.
28 Jan, 2019 - 21:05
i'm so sick of any news connected with gemini .. it's the terrible coin
30 Jan, 2019 - 21:12

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