Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal
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Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it.
In its recent
The SEC filed allegations against Bittrex and its co-founder, William Shihara, in April, for running an unregistered national securities exchange. As per the complaint, Bittrex enabled the trading of digital assets that met the securities criteria outlined in U.S. federal securities laws, without obtaining SEC registration as an exchange.
Additionally, Bittrex Global GmbH, the foreign affiliate of Bittrex, faced charges from the SEC for not registering as a national securities exchange.
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