In a notable move in its legal battle with the U.S. Securities and Exchange Commission (SEC), cryptocurrency exchange Bittrex has filed a motion to dismiss a lawsuit brought against it.
Bittrex has argued in recent court filings that the SEC does not have the necessary authority to regulate cryptocurrencies as securities unless expressly granted by Congress. This assertion challenges the SEC's interpretation of existing securities regulations and seeks to create a clearer regulatory framework that accommodates the unique characteristics of digital assets.
In the motion to dismiss, Bittrex took a similar approach to Coinbase, aligning its arguments closely with those of the larger cryptocurrency exchanges. The adjustment represents a strategic move by Bittrex to leverage the strong legal framework established by Coinbase to build a unified defense against SEC lawsuits
Bittrex has argued in recent court filings that the SEC does not have the necessary authority to regulate cryptocurrencies as securities unless expressly granted by Congress. This assertion challenges the SEC's interpretation of existing securities regulations and seeks to create a clearer regulatory framework that accommodates the unique characteristics of digital assets.
In the motion to dismiss, Bittrex took a similar approach to Coinbase, aligning its arguments closely with those of the larger cryptocurrency exchanges. The adjustment represents a strategic move by Bittrex to leverage the strong legal framework established by Coinbase to build a unified defense against SEC lawsuits