Bittrex Challenges SEC’s Lawsuit: A Battle Against Regulatory Overreach

The post Bittrex Challenges SEC’s Lawsuit: A Battle Against Regulatory Overreach appeared first on Coinpedia Fintech News

Bittrex, the global cryptocurrency exchange, and its founder, William Shihara, have taken a stance against the SEC’s complaint, refusing to succumb to a swift settlement. Despite winding down its US operations, Bittrex engaged top-tier law firms to defend its position, arguing that cryptocurrencies on secondary markets aren’t securities and that the SEC has overstepped its authority. The firm’s bold move is seen as a pushback against the SEC’s regulatory overreach, sparking dialogue about the necessity and the cost of such lawsuits to taxpayers.