The SEC has picked Bittrex as its next crypto case.
The United States Securities and Exchange Commission has charged the crypto asset trading platform Bittrex and its cofounder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The agency filed a separate charge against Bittrex Global.
The SEC is pressing four charges of Exchange Act violations against the companies and Shihara in the U.S. District Court Western District of Washington. Bittrex Global is also being charged “in connection with its operation of a single shared order book along with Bittrex.”
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