Bittrex Fights SEC’s Lawsuit: A Fight Against Regulatory Overreach first appeared on cryptomuskn Fintech News.
The global cryptocurrency exchange Bittrex and its creator William Shihara have taken a stand against the SEC’s complaint and refused to submit to a quick settlement. Despite closing its US operations, Bittrex retained prestigious law firms to defend its position. Bittrex contended that cryptocurrencies traded on secondary markets are not securities and that the SEC has overstepped its bounds. The agency’s audacious move is perceived as a response against the SEC’s regulatory overreach and has sparked discussion about the need for the cost to taxpayers of such cases.
