August 10, 2023

Crypto asset trading platform Bittrex Inc. and its co-founder and former CEO, William Shihara, has agreed to pay $24 million in civil penalties, disgorgement, and prejudgment interest to settle charges of acting as an unregistered broker, exchange, and clearing agency, in violation of the Securities Exchange Act of 1934.  According to the SEC, Bittrex had actively avoided government regulation by directing token issuers to scrub their public statements of certain statements that may be problematic.  SEC

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