United States of America: Announced SEC lawsuit against Bittrex for allegedly operating an unregistered securities exchange, broker and clearing agency
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Description
Announced SEC lawsuit against Bittrex for allegedly operating an unregistered securities exchange, broker and clearing agency
On 17 April 2023, the US Securities and Exchange Commission (SEC) charged Bittrex, a crypto asset trading platform, and its co-founder and former CEO for operating an unregistered national securities exchange, broker, and clearing agency. In addition, the SEC charged Bittrex Global GmbH, a Bittrex foreign affiliate, for failing to register as a national securities exchange in connection with its operation of a single shared order book along with Bittrex.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government