{"id":18067,"date":"2023-04-17T16:57:11","date_gmt":"2023-04-17T16:57:11","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/sec-charges-bittrex-with-unregistered-operations-calls-six-tokens-securities\/"},"modified":"2023-04-17T16:57:12","modified_gmt":"2023-04-17T16:57:12","slug":"sec-charges-bittrex-with-unregistered-operations-calls-six-tokens-securities","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/sec-charges-bittrex-with-unregistered-operations-calls-six-tokens-securities\/","title":{"rendered":"SEC charges Bittrex with unregistered operations, calls six tokens securities"},"content":{"rendered":"
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The United States Securities and Exchange Commission (SEC) has charged the crypto asset trading platform Bittrex and its cofounder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The agency filed a separate charge against Bittrex Global.<\/p>\n
The SEC is pressing four charges of Exchange Act violations against the companies and Shihara in the U.S. District Court Western District of Washington. Bittrex Global is also being charged \u201cin connection with its operation of a single shared order book along with Bittrex.\u201d <\/p>\n
The SEC argued in its complaint that the OMG (OMG), Dash (DASH), Algorand (ALGO), Monolith (TKN), Naga (NGC) and IHT Real Estate Protocol (IHT) tokens traded on Bittrex are securities. The SEC has been criticized in the past for the practice of \u201cregulation by enforcement\u201d by claiming tokens are securities only at the time when it files such complaints, and not prior.\u00a0<\/p>\n
\nToday we charged crypto asset trading platform Bittrex Inc. and its co-founder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency.https:\/\/t.co\/kBsIFMp7ZA<\/p>\n