Description
The SEC files sues Bittrex, alleging that it is operating as an unregistered securities exchange, broker, and clearing agency. Bittrex settled with the SEC for $24 million dollars without admitting nor denying the allegations.
Legal Significance
This case underscores the SEC’s stance on classifying digital assets as securities and digital asset exchanges as securities exchanges, broker and clearing agencies.
Status
Settled
Case No.
2:23-cv-00580
Date Filed
August 30, 2023
Plaintiff
SEC
Defendant
Bittrex Inc.Bittrex Global GmbHWilliam Hiroaki Shihara
Court
USDC Western District of Washington Seattle Division
Plaintiff Counsel
Ben Ninan KuruvillaChristopher CarneyLadan Fazlollahi StewartJorge Gerardo Tenreiro
Defendant Counsel
Quinn Emanuel Urquhart & Sullivan LLPKing & Spalding LLPSummit Law GroupKobre & Kim LLPMcNaul Ebel Nawrot & Helgren PLLC
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