Bitcoin

<ul><li>Bittrex CEO Oliver Linch spoke in an interview regarding the SEC’s charges.</li><li>Linch stated that the SEC was mistaken in charging the exchange.</li><li>Bittrex’s CEO said they have no customers in the US.</li></ul>On April 17, 2023, the Securities and Exchange Commission (SEC) accused <a href="https://thenewscrypto.com/crypto-exchange-bittrex-charged-by-sec-for-unregistered-security-offering/" rel="noopener noreferrer nofollow">Bittrex</a>, a Seattle-based exchange, of violating securities law by neglecting to register with the financial regulatory agency in various jurisdictions. The charges came at a time when the exchange was already planning to wind up its operations in the US in April.In one of the recent phone interviews with CoinDesk, Bittrex Chief Executive Officer Oliver Linch said that the SEC was mistaken in charging the exchange.<h3 id="bittrex-ceo-says-sec-didn-t-give-opportunity-to-explain">Bittrex CEO says SEC didn’t give opportunity to explain</h3>During the interview, Linch stated, “We’ve not really seen an explanation as to what the SEC’s thinking is there, why that is of significance.” “Suffice to say, we think that they’re mistaken in the way they conceive of it legally and in terms of facts.”He also mentioned that <a href="https://thenewscrypto.com/bittrex-announces-closure-of-u-s-division-citing-regulatory-concerns/" rel="noopener noreferrer nofollow">Bittrex</a> was unaware of the investigation until they received the preliminary conclusion notice. Linch stated that the company had never claimed to provide services in the United States and that it would strongly uphold its stance that it has no customers in the country.The action by the SEC against Bittrex is another visible example of the tightened scrutiny of the cryptocurrency realm in the US.

Bittrex Global CEO Denies Serving US Customers, Plans to Fight SEC Accusations

Table of Contents

TheNewsCrypto

Other articles published on Apr 27, 2023

Near Blockchain operating system is now live

Banking concerns haunt Europe despite strong gains

CryptoSlate wMarket Update: Market volatility swings Bitcoin price wildly in the last 24 hours

Google Cloud Partners With Polygon to Accelerate Web3 Development

US Dollar Suffering ‘Stunning Collapse,’ Losing Reserve Status Due to Currency Weaponization: Report

Crypto Scammers Used Google Search Ads to Steal $4M: Report

Join our free newsletter for daily crypto updates!