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Bittrex Global CEO Claims Lack of Communication with SEC Over Enforcement Action

Oliver Linch, CEO of cryptocurrency exchange Bittrex Global, has pushed back against the US Securities and Exchange Commission (SEC), claiming that the company was not given a clear opportunity to discuss potential enforcement action. The SEC charged Bittrex in April for operating as an unregistered exchange, broker, and clearing agency, and Bittrex Global "in connection with its operation of a single shared order book along with Bittrex."

Linch said there had been "precisely zero" communication between Bittrex Global and the SEC prior to the financial regulator issuing a Wells notice to the company's US counterpart in March. The Bittrex Global CEO suggested a "combination of regulations and regulators" as a potential winning recipe for crypto firms looking to start in the space.

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