- Winklevoss twins explore establishing a UK base due to concerns in the US.
- The brothers met with officials at the FCA to assess potential locations.
- The Winklevoss twins reaffirm their commitment to advocate positive policy in the US.
The Gemini crypto exchange twin founders Cameron and Tyler Winklevoss, famous for their legal battle with Mark Zuckerberg over the creation of Facebook (NASDAQ:META), are contemplating establishing a UK base for their crypto business.
In a recent interview with a UK-based newspaper, the twin brothers expressed dissatisfaction with the current “hostile” regulatory climate in the United States, prompting them to explore options for a second headquarters in London. In Cameron Winklevoss’ words:
There are so many headwinds right now in the US it’s hard to get anything done there. And so, in order to keep building our business and invest in hiring, we have to look elsewhere.
In their pursuit of a favorable environment for Gemini’s operations, the Winklevoss brothers recently held meetings with officials at the Financial Conduct Authority (FCA) and the Bank of England. These engagements aimed to assess potential locations that would support Gemini’s future investments and growth strategies.
Nonetheless, the Gemini founders emphasized that the decision to explore a UK base for Gemini should not be misconstrued as abandoning their efforts in the US. “We’re not leaving the US; we’re going to continue to fight the good fight there,” emphasized Cameron.
Notably, having attended Harvard University alongside Mark Zuckerberg, the Winklevoss twins were embroiled in a legal battle with the Facebook founder, alleging that he had appropriated their concept for the social networking platform.
In 2008, the brothers emerged victorious in the case, securing a $65 million settlement. The Winklevoss twins established Gemini in 2015 with their early investment of $11 million in Bitcoin, catapulting them into the billionaire ranks.
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