SEC Investigates Bittrex for Alleged Investor Protection Law Breaches, Leading to the Exchange Exiting the US Market

SEC Investigates Bittrex for Alleged Investor Protection Law Breaches, Leading to the Exchange Exiting the US Market



The SEC investigates Bittrex, a US-based digital asset exchange for allegedly breaching investor protection laws, which has resulted in the exchange ceasing its operations in the US. This regulatory action has raised concerns among the crypto community, which has been dealing with regulatory issues for some time. The SEC's recent scrutiny of Bittrex and other exchanges such as Coinbase and Kraken suggests a shift in regulators' focus on crypto exchanges, following their previous focus on digital currency issuers.



The SEC's investigation into Bittrex began in 2017 when the agency issued several subpoenas to the exchange to gain insight into its revenue streams and asset selection criteria. The SEC claimed that Bittrex did not register as an exchange, broker-dealer, or clearinghouse, leading to the exchange moving its operations


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