VADUZ, Liechtenstein–(BUSINESS WIRE)–Bittrex Global released the following statement today after reaching a successful settlement with the US Securities and Exchange Commission (SEC) in relation to its 17 April charge against the company for allegedly operating an unregistered exchange in the US:
Bittrex Global is very pleased to announce that, following submission of our motion to dismiss the SEC’s action against us in June, we have now reached a successful settlement.
From the beginning, we have been optimistic and willing to work productively with the SEC to explain our position. We are delighted that we have been able to reach a settlement with the SEC and that both parties can avoid the effort and cost of litigation. To reach this speedy conclusion, the settlement agreement includes a $24 million payment, which will be paid by Bittrex Inc. (also known as Bittrex US), and not by Bittrex Global. Now the SEC has agreed to settle the case, with Bittrex Global neither admitti
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