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Crypto expert asks why US regulatory body was allowing crypto security trading on Bittrex

Inbittrex, crypto news, Featured, Investing, Jeremy Hogan, SEC

Jeremy Hogan raised a question and asked why the US SEC allowed Crypto security trading on the Bittrex exchange over the last several years.

Just a few days ago, the United States Securities and Exchange Commission (SEC) charged Bittrex exchange over violation of several securities laws. The SEC agency alleged that Bittrex provided crypto security trading, against securities law. The SEC agency claimed that 6 crypto tokens on the Bittrex exchange were unregistered security assets.

Bittrex exchange responded to the SEC charge and confirmed that in the past Bittrex team approached the SEC agency to get clarity on the nature of crypto assets & potential violation of securities law but SEC never provided any information or clarity.

Pro-XRP attorney and crypto legal expert Jeremy Hogan shared his opinion on this whole matter and raised questions against SEC enforcement.

According to Crypto Attorney, if some of the crypto assets on the Bittrex exchange were security then why the SEC agency failed to provide information or clarity before this enforcement action over the last several years? In this way, Jeremy claimed that the SEC agency intentionly supported Bittrex exchange to violate laws, so that the SEC body can take legal action.

"…on multiple occasions, we (Bittrex) asked them (the SEC) to tell us what digital assets they viewed as securities…They refused to do so."

So the SEC let Bittrex sell unregistered securities for years, and we're still supposed to believe it's about "investor protection"? https://t.co/CcmqE8O5C1

— Jeremy Hogan (@attorneyjeremy1) April 17, 2023

Hypocrisy of SEC chairman Gensler

Gary Gensler is the current chairman of the SEC agency and he has been working for the SEC body since Q1 2021. Over the past couple of years, Gensler took several enforcement actions against crypto countries on behalf of traditional securities law.

Recently crypto Twitter community claimed that in the past Gensler promoted Algorand (Algo) crypto project, on behalf of a old video which is spreading on the social media platforms.

In the latest SEC’s enforcement action against the Bittrex exchange, the SEC agency also included the Algo crypto token as a security asset, which was trading on the Bittrex exchange. The Crypto community that Gensler himself touted crypto security, which is a violation of the two securities act & for this Gensler should be punished, just like Kim Kardashian was punished in 2022 over unregistered crypto security promotion in 2021.