Bittrex requests the court to revoke its settlement agreement with the SEC and seeks to recover the $24 million fine.

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On May 7th, it was reported that the closed cryptocurrency exchange Bittrex has applied to a federal judge to revoke its settlement agreement with the U.S. SEC and has requested the SEC to refund $24 million in fines.
Bittrex was accused by the SEC during the Biden administration of offering unregistered securities trading, ultimately reaching a settlement and paying fines, then shutting down due to the “current U.S. regulatory and economic environment.”
Bittrex’s lawyers stated in the latest documents that after the Trump administration took office, the SEC’s stance on crypto regulation has undergone a fundamental shift, acknowledging that the previous legal theory that most tokens are securities was incorrect, and that enforcement strategies have been biased from the start, with nearly all lawsuits and investigations against crypto companies being withdrawn.
Bittrex is requesting the judge to order the SEC to return the funds after transferring them to the Treasury for compensation.
In March this year, the SEC had already initiated the process of transferring this fine to the Treasury.

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