Crypto Lawsuits and ETF Races: Bittrex Challenges SEC, Fidelity Joins Bitcoin ETF Race

Bittrex, a major cryptocurrency exchange, has decided to contest the SEC's complaint against it, with the support of legal experts. The SEC charged Bittrex for operating an unregistered national securities exchange and alleges that the exchange coordinated with issuers to delete problematic statements. Bittrex has filed a motion to dismiss the complaint while also extending support for popular cryptocurrencies, including XRP, ADA, and DOGE, with zero-fee trading. The decision to fight back is seen as a positive development, and Bittrex's defense could set a precedent for other exchanges facing similar challenges from the SEC.