Bittrex announced last month it would exit the United States after deeming operations in the country “no longer feasible” amid inconsistent regulatory requirements. The Securities and Exchange Commission (SEC) isn’t keen on letting the digital asset trading platform leave scot-free.
The SEC on Monday announced charges against Seattle-based Bittrex and its co-founder and former Chief Executive William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Liechtenstein-based subsidiary Bittrex Global for failing to register as a national securities exchange.
