In the lawsuit, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities.
According to the recent complaint by the U.S. Securities and Exchange Commission against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists that LUNA and UST were sold as unregistered securities.
Lawsuits Against Crypto Exchanges Bring Lack of Clarity Over Security vs. Commodity Status to the Forefront This year, U.S. regulators are designating a number of crypto assets as unregistered securities, and the allegations are buried in lawsuits against several crypto exchanges. Bittrex is the latest crypto exchange to be sued this year, following lawsuits against trading platforms such as Binance US, Kucoin, and Coinex, after the SEC accused Bittrex of operating “an unregistered national securities exchange, broker, and clearing agency.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC Drops New Crypto Bombshell: OMG, DASH, and ALGO Named Among Unregistered SecuritiesThe US Securities and Exchange Commission (SEC) has dropped a bombshell on the crypto industry, naming OMG, DASH, and ALGO among unregistered securities in a court complaint filed against Bittrex
Leer más »
Ripple CTO: SEC Claims DASH, ALGO, OMG Buyers Have 'Reasonable Expectation of Profit'David Schwartz commented on recent statement of SEC, which says that buyers of certain altcoins can expect to make profits
Leer más »
Video of SEC chair praising Algorand resurfaces after recently deeming it a securityA years-old video of SEC chair Gary Gensler giving praise to Algorand has resurfaced after the SEC deemed its ALGO token was an unregistered security in a recent lawsuit.
Leer más »
Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreachA series of actions against crypto firms by the U.S. securities regulator could prove to be SEC chair Gary Gensler’s swan song after a United States Representative took issue with his handling of the industry.
Leer más »
US crypto exchange Bittrex faces potential action from SEC: ReportBittrex crypto exchange has allegedly violated laws by doing business as an exchange and broker-dealer without a registration, according to the SEC.
Leer más »