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The submit Bittrex Challenges SEC’s Lawsuit: A Battle Towards Regulatory Overreach appeared first on Coinpedia Fintech Information
Bittrex, the worldwide cryptocurrency trade, and its founder, William Shihara, have taken a stance towards the SEC’s grievance, refusing to succumb to a swift settlement. Regardless of winding down its US operations, Bittrex engaged top-tier regulation companies to defend its place, arguing that cryptocurrencies on secondary markets aren’t securities and that the SEC has overstepped its authority. The agency’s daring transfer is seen as a pushback towards the SEC’s regulatory overreach, sparking dialogue concerning the necessity and the price of such lawsuits to taxpayers.
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