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TechFlow news, Paradigm recently filed an amicus brief with the U.S. Securities and Exchange Commission (SEC) regarding the case against exchange Bittrex. Paradigm claims that the regulator has exceeded its statutory jurisdiction and argues that the case should be dismissed. They contend that the SEC is attempting to "wrongfully" regulate the secondary cryptocurrency markets and point out that this constitutes a mistaken extension of the Howey test.
Paradigm recently filed an amicus brief with the U.S. Securities and Exchange Commission (SEC) in the case against exchange Bittrex. Paradigm claims that the regulator has exceeded its statutory jurisdiction and argues that the case should be dismissed. They contend that the SEC is attempting to "wrongfully" regulate secondary crypto markets and point out a mistaken expansion of the Howey test.
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