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Bittrex Agrees to Pay $24M to Settle with SEC for Failing to Register as National Securities Exchange
The United States Securities and Exchange Commission (SEC) counted another win against the cryptocurrency market on Thursday after digital asset exchange Bittrex agreed on a $24 million settlement for allegedly listing unregistered securities in the name of crypto assets trading. However, the SEC noted that the defendants agreed on the settlement under the condition that the former neither admits nor denies the allegations. Nonetheless, the SEC counted it as a win after a recent blow in the Ripple case, which the agency intends to appeal.
SEC vs Bittrex Litigation
Earlier this year, the United States SEC filed a complaint against the Bittrex crypto exchange and its former CEO William Shihara for allegedly operating an unregistered national securities exchange, broker, and clearing agency. The SEC highlighted that Bittrex has earned at least $1.3 billion from 2017 through 20

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