.SEC_Enforcement told BittrexGlobal it will recommend legal action over alleged violations of investor protection laws before the latter announced it will exit the U.S. market, WSJ reported. By iamsandali
at the end of March that it will be winding down its operations in the U.S., in part thanks to challenging regulatory conditions. The company is uncertain if the SEC will take legal action since it is now exiting the market, according to the WSJ report.
If there is to be legal action, Bittrex would litigate unless the SEC “came with a reasonable settlement offer,” David Maria, the firm’s general counsel told the WSJ. SEC enforcement action against a several prominent crypto enterprises have sent ripples through the industry. In February, exchange platform Kraken
it was shuttering its crypto-staking program in the U.S. and paying $30 million to settle SEC charges.the U.S. Treasury Department's sanctions and money laundering watchdogs $30 million over allegations that the company had a poor compliance program between 2014 and 2017.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC Targets Bittrex, Fallen Giant of U.S. Crypto ExchangesBitttrex’s rocky history at home is coming to an end with a regulatory threat and a decision to leave the U.S. for good
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 »
Train carrying hazardous materials derails in rural Maine, residents warned to 'stay clear'A train carrying hazardous materials has reportedly derailed near Rockwood, Maine about 45 miles east of the U.S. border with Canada and it is unclear if anyone was injured.
Leer más »
Russia's Pacific Fleet Warned to Ready for Practice Missile LaunchesRussia’s Pacific Fleet was warned Friday to get ready for snap drills centered on practice missile launches in a display of sea power to the West as the fighting in Ukraine goes on.
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 »