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Bittrex Seeks to Dismiss SEC Lawsuit, Following Coinbase's Template

July 1 (Cointime) - Bittrex, a cryptocurrency exchange, has filed a motion to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) alleging that the firm operated an unregistered securities exchange.

Despite exiting the U.S. market in May, Bittrex has opted to fight the SEC's claims rather than settling. Bittrex's motion to dismiss the case against it echoes similar arguments made by Coinbase, including the claim that the SEC cannot regulate crypto assets as securities without Congress' authorization. The SEC has until July 7 to respond to the motion, with a pretrial conference scheduled for July 13.

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