Gemini Could Meet SEC’s Proposed Custodian Rules, According to Tyler Winklevoss
Gemini Trust Company holds certifications for its custody products, including SOC 1 Type II and SOC 2 Type II.
Gemini co-founder Tyler Winklevoss believes that if the Securities and Exchange Commission (SEC) expands its custody rules, Gemini will qualify as a custodian.
In a Twitter thread, Winklevoss stated that Gemini Trust Company is a New York trust company that has acted as a fiduciary and qualified custodian under New York Banking Law since 2015.
He also mentioned that the company is subject to the same evaluations as banks and complies with capital, BSA/AML, and cybersecurity requirements.
READ MORE: Senator Elizabeth Warren’s Campaign to Regulate the Crypto Space
SEC Chair Gary Gensler proposed to extend federal custody regulations to encompass crypto exchanges on February 15.
If the proposal is ratified, crypto exchanges must separate their funds from their customers and adhere to more stringent registration processes to qualify as qualified custodians.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
