Bittrex Global released a statement Wednesday after making a settlement with the U.S. Securities Exchange Commission.
In April, the regulator took enforcement action against the company and its U.S. arm for allegedly operating as unregistered exchanges. Bittrex agreed on a settlement with the U.S. Securities Exchange Commission last Thursday.
According to Bittrex Global's press release, the company will not have to pay to settle the enforcement action."What makes this result so unusual and gratifying is that our client, Bittrex Global, will put this matter behind it without paying a penny in settlement," Bittrex Global's legal counsel Andrew Michaelson said.
The U.S. arm of the crypto exchange agreed to settle with the regulator for $24 million. The Seattle-based exchange
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