Merchants of XRP, Cardano (ADA), and Dogecoin (DOGE) now benefit from $0 transaction fees on Seattle-based cryptocurrency exchange Bittrex. This applies to the buying and selling pairings for the USDT.
In a tweet, Bittrex announces that traders on its USDT markets, which also include BTC, ETH, ADA, DOGE, and XRP, can benefit from free buying and selling fees.
It is noteworthy that Bittrex has chosen to enhance support for Cardano and XRP, which the SEC previously referred to as “securities” in legal proceedings.
The SEC sued Ripple and two of its officials in December 2020, claiming that the gross sales of XRP were unregistered securities. The SEC filed litigation against Binance and Coinbase, the two biggest cryptocurrency exchanges, in June. In each complaint, Cardano’s ADA was referred to as “safety”.
A few cryptocurrency sites have delisted or reduced their support for the 2 cryptocurrencies in response to these instances.
Bittrex fights once more
A legal expert characterizes Bittrex and its co-founder William Shihara’s move to dismiss the SEC’s criticism as “excellent news” for everyone involved in the SEC’s regulatory overreach.
In April of this year, the Securities and Exchange Commission (SEC) accused Bittrex and its co-founder and former CEO William Shihara of operating an unregistered national securities exchange, dealer, and clearing corporation. According to the SEC, Bittrex has presented itself as a platform that makes it easier to browse for, purchase, and trade cryptocurrency assets that have allegedly been sold and delivered as securities since at least 2014.
Bittrex has received advice from a lawyer going by the handle “MetaLawMan” on Twitter for refusing to give in and accept a swift settlement, which the SEC would have hailed as another “win.”
Bittrex, on the other hand, is battling once more by submitting a motion to dismiss. It advances two claims: first, that digital assets traded on secondary markets are not securities, and second, that the SEC lacks jurisdiction over this area under the Main Questions Doctrine.
