Bittrex Global and the CEO of the company have been accused by the U.S. Securities and Exchange Commission (SEC) of running an unlicensed national securities exchange, broker, and clearing agency. According to the SEC, Bittrex marketed digital assets that were “offered and sold as securities” since 2014 and was in violation of the exchange, broker-dealer, and clearing agency registration requirements. The lack of regulatory compliance, rather than a lack of regulatory clarity, is what the cryptocurrency markets struggle with, according to SEC head Gary Gensler. In the SEC’s case, a “jury trial” is required because no settlement is offered.
SEC Charges Crypto Exchange Bittrex with Operating Unregistered Exchange, Broker, and Clearing Agency
