The US Securities and Exchange Commission (SEC) has charged crypto platform Bittrex over accusations of non-compliance. Bittrex co-founder William Shihara was also charged for operating "an unregistered national securities exchange, broker, and clearing agency." Bittrex's foreign affiliate, Bittrex Global GmbH, was also charged for failing to register as a national securities exchange.

Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.

Bittrex, a US-based cryptocurrency exchange, is facing potential legal action from the enforcement division of the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its US operations. Bittrex's general counsel, David Maria, said the exchange had already started shutting down its US operations when it was informed of the potential action. The SEC alleges that Bittrex had violated laws by doing business as an exchange, broker-dealer, and clearinghouse without registering with the regulator. Maria said that Bittrex's inability to comply was due to the lack of clear crypto regulations from the SEC. Bittrex announced in March that it would cease US operations due to regulatory and economic challenges.

Bittrex has closed its U.S. operations, while Coinbase, known for its strong regulatory efforts, received a Wells Notice and saw its market share drop from 60% to 49% in Q1.

Bittrex, a Seattle-based crypto exchange, has announced that it will shutter its services in the US market from April 30, 2023, due to regulatory uncertainty. Users have until April 14, 2023, to trade their assets, following which they will have to start wrapping up their portfolios. Bittrex has assured that customer funds are safe, and the focus is now on expanding Bittrex Global outside the US market. The announcement follows Bittrex's layoff of 83 employees in February, citing a market downturn in the crypto ecosystem. Bittrex is not the only crypto venture suffering from regulatory uncertainty, with Kraken and Coinbase also facing challenges.

Michael Miller has called for creators of artificial intelligence (AI)-fuelled applications to pay for the news and content used to improve their products.

Seattle-based cryptocurrency exchange Bittrex, Inc. has announced it will wind down its U.S. operations from April 30 due to continued regulatory uncertainty in the region. The exchange stated that regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape, which has made operating in the U.S. unfeasible. Trading will be allowed on the platform until April 14, and all customer funds are safe and available. Bittrex will focus on the growth of Bittrex Global, its Liechtenstein-based trading arm serving investors outside the U.S. (forkast)

American cryptocurrency exchange, Bittrex, has announced that it will be winding down its US operations due to the "current US regulatory and economic environment." The small Seattle-based company will continue to operate its Bittrex Global platform, which caters to traders outside of the US.

U.S. cryptocurrency exchange Bittrex has laid off 83 employees, out of its workforce of roughly 284, per Washington State employment data.

Crypto exchange Bittrex and crypto analytics company Chainalysis announced layoffs in the first days of February, while Bitcoin (BTC) steadily continues on its increasing trajectory.