{"id":17857,"date":"2023-04-10T22:58:01","date_gmt":"2023-04-10T22:58:01","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/"},"modified":"2023-04-10T22:58:03","modified_gmt":"2023-04-10T22:58:03","slug":"winklevoss-twins-infuse-gemini-with-100m-personal-loan-report","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/","title":{"rendered":"Winklevoss twins infuse Gemini with $100M personal loan: Report"},"content":{"rendered":"<p><\/p>\n<div data-v-b4cb1306=\"\">\n<p>Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn.<\/p>\n<p>According to an April 10 Bloomberg report, the Winklevoss twins made a personal $100-million loan to Gemini following attempts to get funding from outside investors. Cointelegraph reached out to Gemini for comment, but did not receive a response at the time of publication.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">EXCLUSIVE: Gemini founders Tyler and Cameron Winklevoss have lent $100 million to the crypto platform https:\/\/t.co\/owaGrepngE<\/p>\n<p>\u2014 Bloomberg (@business) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/business\/status\/1645512701412605968?ref_src=twsrc%5Etfw\">April 10, 2023<\/a><\/p><\/blockquote>\n<p>The reported loan came amid regulators scrutinizing Gemini\u2019s activities. In January, the U.S. Securities and Exchange Commission (SEC) charged Gemini \u2014 as well as Genesis Global Capital and crypto exchange \u2014 with offering unregistered securities through the exchange\u2019s Earn program. New York\u2019s Department of Financial Services also reportedly began investigating the exchange following reports many Gemini users claimed assets in their Earn accounts had been afforded FDIC protection.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Gemini and Genesis\u2019 legal troubles stand to shake up industry further<\/em><\/strong><\/p>\n<p>Following the announcement of the charges, Tyler Winklevoss accused the SEC of issuing a \u201cmanufactured parking ticket,\u201d claiming Gemini staff had been in talks with the regulator for more than a year prior to its enforcement action. The complaint echoed that of crypto exchange Coinbase, whose chief legal officer said personnel met with SEC representatives \u201cmore than 30 times over nine months\u201d but still received a Wells notice.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more<\/em><\/strong><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn. According to an April 10 Bloomberg report, the Winklevoss twins made a personal $100-million loan to Gemini following attempts to get funding from outside investors. Cointelegraph reached [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-17857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Winklevoss twins infuse Gemini with $100M personal loan: Report | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winklevoss twins infuse Gemini with $100M personal loan: Report | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Tyler and Cameron Winklevoss, co-founders of the United States-based cryptocurrency exchange Gemini, have reportedly dipped into their own pockets to fund the business amid the crypto market downturn. According to an April 10 Bloomberg report, the Winklevoss twins made a personal $100-million loan to Gemini following attempts to get funding from outside investors. Cointelegraph reached [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T22:58:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T22:58:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/04\/bd589975-6a89-4126-8929-5736a1b72fc1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Winklevoss twins infuse Gemini with $100M personal loan: Report\",\"datePublished\":\"2023-04-10T22:58:01+00:00\",\"dateModified\":\"2023-04-10T22:58:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/\"},\"wordCount\":262,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/04\/bd589975-6a89-4126-8929-5736a1b72fc1.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/winklevoss-twins-infuse-gemini-with-100m-personal-loan-report\/\",\"name\":\"Winklevoss twins infuse Gemini with $100M personal loan: Report | NFT &amp; 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