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According to PANews news on June 15, Cameron Winklevoss, co-founder of the encryption exchange Gemini, tweeted: "Everyone, including the US Securities and Exchange Commission (SEC), knows that the securities laws enacted in 1933 do not meet the realities of today's world. There are two Two options: update the law with a first principles approach, or leave the US behind. You can’t pretend email is regular mail and expect the web to flourish. You can’t pretend cryptocurrency is an orange orchard and expect it to flourish. Unless, of course, your goal is to kill it. What does it mean to be left behind? Industry shifting overseas, brain drain, mass unemployment, lost economic growth, national security risk, US not participating in developing the financial rails of the future."

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