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In an exclusive interview with Fortune, the Winklevoss twins said the regulatory morass in the U.S. contributed to their decision to launch the Gemini Foundation in Singapore:

https://fortune.com/crypto/2023/05/02/gemini-launches-offshore-crypto-derivatives-platform/
Fortune Crypto Gemini launches offshore derivatives platform as Winklevoss twins tire of U.S. crypto quagmire “If lawmakers could come together and build a clear framework for crypto companies, it would be a huge boon for the U.S.,” Tyler Winklevoss told Fortune.
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