Crypto exchange Bittrx agrees $24m SEC settlement
The firm's former CEO William Shihara and its foreign affiliate, Bittrex Global, have also agreed to settle charges.The SEC charged Bittrex in April, saying the firm provided services to US investors in connection with crypto assets that were offered and sold as securities.In addition, the regulator alleged that Bittrex and Shihara directed issuers who sought to have their crypto assets made available for trading on the platform to first delete from public channels certain “problematic statements” that Shihara believed would lead a regulator to investigate whether the crypto asset was offered and sold as a security. “For years, Bittrex worked with token issuers to 'scrub' their online statements of any indicia that they were investment contracts—all in an effort to evade the federal securities laws.
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