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Topline
Cryptocurrency exchange Bittrex agreed Thursday to pay $24 million to settle charges from the Securities and Exchange Commission that accused it of operating an unregistered national securities exchange—one of several crypto platforms to face allegations from the SEC within the last year.
Key Facts
Bittrex allegedly operated as an unregistered broker, national securities exchange and securities intermediary, according to a filing, which claimed the platform earned at least $1.3 billion in revenues from investor transaction fees.
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