What is known about Bittrex and its motion to dismiss before the SEC?

lupafilotaxia (75)in Project HOPE • last year

News come and go but within this accumulation of information the Bitcoin price action takes center stage in the face of any eventuality that tries to slow the advance of cryptocurrencies, I say it this way because at the time of writing these lines the BTC was located at $ 31,145.37 dollars which represents a rebound of 1.4% in the last 24 hours.

Now, when I say that Bitcoin is taking center stage in the face of any eventuality that tries to slow down the advance of cryptocurrencies, I say it precisely because of the regulatory strategies that the SEC has been promoting against the main cryptocurrency exchange platforms.

Namely, a struggle is presented to the SEC as Bittrex one of the affected platforms has filed a motion to dismiss, therefore it has been indicated that this action of Bittrex is part of the same steps that at the time encausó Coinbase.

It has been indicated in a writing socialized in the news portal "Ámbito", it has been assured that "In its most recent filing before Justice, Bittrex raised a key argument: the SEC lacks authority to regulate cryptocurrencies as securities unless Congress explicitly grants such authority".

It was also stated that "This strategic alignment suggests that Bittrex is looking to leverage the strong legal framework established by Coinbase and build a joint defense against SEC allegations."

Let's hope that these strategies together come out in favor of the cryptocurrency exchange platforms, which will undoubtedly, translate into stability for the entire market. I would like to know your own point of view.