Bittrex requests to withdraw settlement with SEC and refund $24 million fine

According to Decrypt, the closed cryptocurrency exchange Bittrex has applied to a federal judge to revoke its settlement agreement with the US SEC in 2023 and demand a refund of the $24 million fine. Bittrex lawyers claim that the SEC's position on cryptocurrency regulation has fundamentally changed since the Trump administration took office, acknowledging previous legal theoretical errors, biased enforcement strategies, and revoking most lawsuits and investigations against cryptocurrency companies. Bittrex requests the judge to order the return of funds before they are transferred to the Ministry of Finance.