Everything You Need to Know About SEC's Lawsuit Against Bittrex
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The U.S. Securities and Exchange Commission charged Bittrex and former CEO, William Shihara, with “operating an unregistered national securities exchange, broker, and clearing agency” The SEC alleges that BITTrex earned $1.3 billion in revenue from transaction fees from crypto assets that were “offered and sold as securities” This lawsuit comes a few weeks after BittRex announced they would be closing down operations in the United States due to “continual regulatory uncertainty”