SEC sues yet another crypto company — this time it’s Bittrex — in latest challenge for industry
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The U.S. Securities and Exchange Commission filed a lawsuit against crypto exchange Bittrex and one of its co-founders alleging it was operating as an "unregistered national securities exchange, broker, and clearing agency."
Bittrex co-founder and former CEO William Shihara was named in the suit as was the exchange's foreign affiliate, Bittrex Global GmbH. The latter, it is alleged, failed to "register as a national securities exchange in connection with its operation of a single shared order book along with Bittrex."
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