SEC Charges Bittrex for Unregistered Securities Exchange Operation
TL;DR
The SEC has categorized six cryptocurrencies as securities in its lawsuit against Bittrex, including Algorand, Dash, Monolith, Naga, Real Estate Protocol, and OMG Network. The agency needs to establish that at least one of the tokens made available by Bittrex is indeed a security, and the inclusion of these tokens in the lawsuit is similar to the SEC's inclusion of coins in other lawsuits without suing the actual tokens themselves. The lack of overlap between coins in different lawsuits could be a result of the SEC not trying to put its eggs all in one basket.
Topics:businesscryptocurrency-regulation#algorand#bittrex#cryptocurrency#cryptocurrency-regulation#sec#securities
- SEC Labels Algorand and Five Other Tokens as Securities in Bittrex Lawsuit Decrypt
- SEC Names ALGO, DASH, Other Tokens Securities in Bittrex Lawsuit Blockworks
- Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit CoinDesk
- The SEC Comes for Bittrex Bloomberg
- US SEC charges Bittrex with operating unregistered securities exchange Reuters
Want the full story? Read the original reporting
Read on Decrypt