The US Securities and Exchange Commission (SEC) has sued the well-established cryptocurrency exchange Bittrex and its former CEO.
Bittrex and its former CEO Bill Shihara, the SEC announced in an official statement Monday, April 17. operating an unregistered stock market, brokering And providing clearing services announced that he was suing. The lawsuit was filed against Bittrex recently by the SEC. “Wells statement” It came after he was sent and warned.
SEC Executive Director, Gurbir Grewal, stated that the lawsuit against Bittrex informal service to crypto money actors intimidating said that.
One of the most striking points in the case file is 6 cryptocurrencies of the unit as a security was described. Among the cryptocurrencies that the SEC qualifies as securities Algorand (ALGO), OMG Network (OMG), Monolith (TKN), Dash (DASH), NAGA (NGC), and IHT Real Estate Protocol (IHT) took place.
On the other hand, Bittrex, which reported that it received a Wells notification from the SEC for a short time, citing the regulatory uncertainty in the US at the end of last month before the situation in question. will terminate its operations had explained. Despite this move of the stock market, the lawsuit by the SEC is the largest cryptocurrency exchange in the USA, which has recently received a similar notification. For Coinbase also one litigation can be filed raised their concerns.