Crypto exchange Bittrex has agreed to a $24 million settlement with the U.S. Securities and Exchange Commission (SEC), bringing to a close allegations of offering unregistered securities to American investors.
The announcement, made on Thursday, comes within two months of Bittrex’s bankruptcy filing and follows the trend of regulatory scrutiny facing cryptocurrency exchanges.
Bittrex’s Position and SEC’s Allegations
Bittrex, which filed for bankruptcy in May, was sued by the SEC earlier this year. The regulator’s charges revolved around the simultaneous operation of the company as a securities exchange, broker, and clearinghouse without appropriate registration, allegations that have also been leveledd at Coinbase and Binance.US.
According to the settlement agreement, Bittrex neither admits nor denies the allegations. The terms also stipulate that Bittrex will have 90 days after its liquidation plan is effective to pay the SEC, and any delays may prompt the regulator to seek court judg
We współpracy z: https://cryptodaily.co.uk/2023/08/bittrex-settles-with-sec-pays-out-24m-fine
