According to Decrypt, Bittrex filed a motion this week to void its $24 million settlement with the SEC from 2023 and demand a full refund. Bittrex’s lawyers argued that the SEC admitted its legal theory classifying the crypto tokens as unregistered securities was flawed, and the Trump administration has since withdrawn nearly all similar cases. The exchange claims it deserves equal treatment. The SEC initiated a process in March 2026 to transfer the $24 million to the Treasury Department for customer compensation, prompting Bittrex’s lawyers to urgently request the court issue a return order before the funds are transferred. The SEC declined to comment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bittrex seeks to withdraw the 2023 settlement, asking the U.S. SEC to refund a $24 million fine
According to Decrypt reports and related court documents, the now-closed crypto exchange Bittrex filed a motion to dismiss this week in the U.S. Federal Court in Seattle, seeking to overturn its 2023 settlement with the U.S. Securities and Exchange Commission (SEC) and requesting that the SEC refund the $24 million civil penalty it has already paid.
MarketWhisper9m ago
U.S. Senator: The CLARITY Act could be voted on as early as before August, with moral provisions as a key prerequisite
U.S. Senator Kirsten Gillibrand said at Consensus 2026 on May 6 that if the CLARITY Act reaches consensus on consumer protection, illegal finance regulation, and ethical standards, and if the draft market structure bill can be merged with the version from the Senate Agriculture Committee, and if it ensures the inclusion of ethical standards provisions, the Senate could vote on it by August 10.
MarketWhisper21m ago
Germany plans to scrap one-year Bitcoin holding tax exemption and switch to a stock tax treatment model
According to Bitcoin News on May 7, Germany’s Finance Minister Lars Klingbeil confirmed that Germany’s government is planning to adopt “different” tax policies for Bitcoin and crypto assets, with the direction possibly being to scrap the current mechanism that exempts holdings held for more than one year from tax and align the tax treatment of Bitcoin with stock assets.
MarketWhisper53m ago
SEC Reframes Crypto Stance, Enabling Market Growth, Nasdaq President Says at Consensus
According to CoinDesk, Nasdaq President Tal Cohen stated at the Consensus conference that the U.S. SEC's regulatory approach to crypto is shifting from treating gray areas as no-build zones to allowing builders to operate, scale, and experiment without fear of enforcement. Cohen noted that a more co
GateNews4h ago
White House Digital Asset Advisor: Bitcoin Reserve Announcement Within Weeks
Patrick Witt, Secretary General of the White House Digital Asset Advisory Committee, stated on June 6 at Consensus 2026 in Miami that an announcement regarding the U.S. government's Strategic Bitcoin Reserve is expected within weeks, according to CoinDesk. The statement follows President Donald Trum
CryptoFrontier5h ago
CFTC Chair Selig Seeks to Codify Rules Protecting Non-Custodial Crypto Wallet Developers
At Consensus Miami, CFTC Chair Michael Selig said the agency plans to formalize guidance on when crypto software developers must register as brokers. In March, the CFTC issued a no-action letter stating it would not pursue enforcement against wallet provider Phantom for failing to register. Selig ai
GateNews6h ago
