Bittrex Challenges SEC Authority in Crypto Lawsuit, Seeks Dismissal

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Cryptocurrency trade Bittrex has filed a movement to dismiss in a authorized dispute with the U.S. Securities and Change Fee (SEC).

in a current courtroom submitting, Bittrex argues that the SEC doesn’t have the authority to manage cryptocurrencies as securities except explicitly licensed by Congress. The argument challenges the SEC’s interpretation of present securities regulation and seeks to determine a clearer regulatory framework for digital property.

Bittrex’s movement to dismiss (screenshot). Supply: CourtListener

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