Bittrex has taken a significant step in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a request to dismiss. The cryptocurrency exchange had filed for bankruptcy earlier this year citing regulatory pressure from the commission.
In its recent filing, Bittrex makes the case that the SEC lacks the jurisdiction to regulate cryptos as securities sans a specific Congressional authorization. This claim contests how the SEC has interpreted current securities laws and aims to create a clearer regulatory framework that considers digital assets’…
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