{"id":581916,"date":"2023-04-26T19:29:47","date_gmt":"2023-04-26T18:29:47","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=581916"},"modified":"2023-04-26T19:29:57","modified_gmt":"2023-04-26T18:29:57","slug":"bittrex-to-fight-the-sec-charges-in-court","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bittrex-to-fight-the-sec-charges-in-court\/","title":{"rendered":"Bittrex Global Plans To Fight The SEC\u2019s Charges In Court"},"content":{"rendered":"\n<ul><li>The CEO of Bittrex Global has revealed his company\u2019s plans to fight the charges filed by the U.S. SEC.\u00a0<\/li><li>CEO Oliver Linch believes that the securities regulator is mistaken in charging the crypto exchange with the violation of securities laws.<\/li><li>Linch has maintained that his company never served any customers in the United States.\u00a0\u00a0<\/li><\/ul>\n\n\n\n<p>The latest crypto firm <a href=\"https:\/\/en.ethereumworldnews.com\/sec-sues-bittrex-violation-federal-laws\/\">sued<\/a> by the U.S. Securities and Exchange Commission (SEC) is reportedly planning to fight back in court. Oliver Linch, the Chief Executive of Bittrex Global, has stated his company\u2019s plans to fight against the allegations leveled by the securities regulator last month.\u00a0<\/p>\n\n\n\n<h2><strong>Bittrex CEO: The SEC Is Mistaken<\/strong><\/h2>\n\n\n\n<p>In a recent interview with <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/04\/26\/bittrex-global-ceo-says-firm-will-fight-sec-charges-did-not-serve-us-customers\/\" rel=\"nofollow noopener\">CoinDesk<\/a>, Bittrex CEO Oliver Linch revealed that his company plans to vigorously defend against the charges brought by the SEC. According to Linch, the securities regulator is mistaken in its decision to charge Bittrex, its former CEO and an associated platform, with violation of local securities law.\u00a0<\/p>\n\n\n\n<p>The SEC sued Bittrex, its former CEO Bill Shihara, and Bittrex Global earlier this month, for allegedly operating an unregistered exchange, broker, and clearing agency. The regulatory agency also charged the exchange\u2019s foreign affiliate Bittrex Global, for failing to register as a national securities exchange. The SEC alleged that the foreign affiliate catered to clients in the United States by operating a single shared order book with the U.S. exchange.&nbsp;<\/p>\n\n\n\n<p>Speaking on the alleged shared order book, Linch believes that the SEC hasn\u2019t offered a sufficient explanation as to what the underlying issue is. \u201cWe think that they&#8217;re mistaken in the way they conceive of it legally and in terms of facts,\u201d he added. The CEO further revealed that the regulator did not allow his company to explain the facts of the matter before getting sued.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cBittrex was an entirely separate legal entity and only provided services in the U.S. and only served U.S. customers. And they&#8217;re the ones that have had to shut down their operations\u2026 Global continues on providing the services to rest-of-world clients as it ever has.\u201d <\/p><cite>Oliver Linch, <strong><strong>CEO<\/strong><\/strong> of <strong>Bittrex Global <\/strong><\/cite><\/blockquote>\n\n\n\n<p>The complaint filed by the SEC on April 17, 2023, alleged that between 2017 and 2022, the crypto exchange generated at least $1.3 billion in revenues through transaction fees from investors while offering services as an unregistered exchange. Furthermore, the SEC alleged that the former CEO worked with crypto asset issuers who wanted to get their tokens listed, to scrub \u201cproblematic statements\u201d from their offering materials to avoid attention from regulators.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bittrex Global CEO Oliver Linch has revealed his company&#8217;s plans to fight the charges filed by the SEC in court. <\/p>\n","protected":false},"author":62,"featured_media":581918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,22,2,26],"tags":[],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581916"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=581916"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581916\/revisions"}],"predecessor-version":[{"id":581919,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581916\/revisions\/581919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/581918"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=581916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=581916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=581916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}