Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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The crypto exchange Bittrex has reached a settlement with the SEC.
The bankrupt exchange agreed to pay a fine of $24 million to settle the SEC’s charges that it operated as an unregistered national securities exchange, broker, and clearing agency.
The SEC also alleged that Bittrex attempted to get rid of “problematic” public statements that suggested the exchange sold securities:
For years, Bittrex worked with token issuers to ‘scrub’ their online statements of any indicia that they were investment contracts — all in an effort to evade the federal securities laws. They failed.
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