PANews|5月 07, 2026 01:22
[Bittrex Requests Court to Overturn Its Settlement Agreement with SEC and Seeks Return of $24 Million Fine]
According to Decrypt, the now-closed cryptocurrency exchange Bittrex has filed a request with a federal judge to overturn its 2023 settlement agreement with the U.S. SEC and demanded the return of the $24 million fine. Bittrex was accused by the SEC during the Biden administration of offering unregistered securities trading, ultimately reaching a settlement and paying the fine. It later shut down due to the 'current U.S. regulatory and economic environment.'
In the latest filing, Bittrex's attorneys pointed out that the SEC's stance on crypto regulation underwent a fundamental shift after the Trump administration took office, acknowledging that the legal theory previously used to classify most tokens as securities was flawed. They argued that the enforcement strategy was misguided from the start and that nearly all lawsuits and investigations against crypto companies have been withdrawn. Bittrex is requesting the judge to order the return of the funds before the SEC transfers them to the Treasury Department for compensation purposes.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink