Cryptocurrency exchange Bittrex has taken a notable step amid filing a motion to dismiss a lawsuit filed against it in a legal dispute with the US Securities and Exchange Commission (SEC).
Bittrex recently argued in court documents that the SEC does not have the necessary powers to regulate cryptocurrencies as securities unless expressly authorized by Congress. This claim challenges the SEC's interpretation of existing securities regulation and It seeks to establish a clearer regulatory framework to accommodate its unique characteristics.
In the motion to deny, Bittrex adopted a similar approach to Coinbase, closely coupling its claims with those of larger cryptocurrency exchanges. This suggests that it has taken strategic steps to leverage a strong legal framework.
Bittrex recently argued in court documents that the SEC does not have the necessary powers to regulate cryptocurrencies as securities unless expressly authorized by Congress. This claim challenges the SEC's interpretation of existing securities regulation and It seeks to establish a clearer regulatory framework to accommodate its unique characteristics.
In the motion to deny, Bittrex adopted a similar approach to Coinbase, closely coupling its claims with those of larger cryptocurrency exchanges. This suggests that it has taken strategic steps to leverage a strong legal framework.