SEC is ‘wrongfully attempting’ to police crypto markets — Paradigm counsel

Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.

In a July 11 Twitter thread, Seira added his thoughts after an amicus brief filing from Paradigm, arguing that the U.S. Securities and Exchange Commission’s (SEC) case against U.S.-based crypto exchange Bittrex should be “dismissed,” as it relies upon an unreasonable use of the Howey test to make its claims.

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