SEC Sues Bittrex For Operating “Unregistered Securities Exchange” – April 17

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$29,379

Bitcoin price has lost its footing above the $30,000 level, finding itself in the $29,000s to begin the week.

Top-20 altcoins are also mostly down, as Ether falls 1%, BNB drops 2%, but Avalanche stands out with an 8% rally over the last 24 hours.

Top Stories for April 17, 2022 🔥

👉 SEC Sues Bittrex For Operating “Unregistered Securities Exchange”

The US Securities and Exchange Commission (SEC) has filed a lawsuit against crypto exchange Bittrex and one of its co-founders, alleging that it was operating as an “unregistered national securities exchange, broker, and clearing agency.”

The exchange’s foreign affiliate, Bittrex Global GmbH, was also named in the suit. The SEC accused the defendants of taking steps to avoid regulatory scrutiny, and cited a number of digital tokens, including DASH, OMG, and AGLO, that it contends are securities.

Bittrex closed its US operations earlier this year, citing a difficult regulatory climate.

👉 Grayscale Solana Trust (GSOL) Now Trading Publicly

Grayscale’s Solana Trust has begun trading publicly under the ticker symbol GSOL on OTC Markets, allowing investors to gain exposure to Solana (SOL) without owning it directly.

The Solana trust has $2.9m in SOL, and Grayscale’s objective is to have GSOL pegged to SOL. The launch of the Solana trust comes as Grayscale continues to battle the SEC in court over its rejection of bitcoin spot ETFs.

👉 Bhutan Sovereign Investment Arm Silently Invested In Crypto

Druk Holding and Investments (DHI), a commercial arm of the royal government of Bhutan, has invested millions of dollars in cryptocurrencies, according to a report by Forbes.

The investment arm, which manages around $2.9 billion in assets, has grown a crypto portfolio without disclosing it to the public. The funds were brought to light following the crypto contagion in 2022 when companies like Celsius and BlockFi filed for bankruptcy.