Crypto trading platform Bittrex and its former CEO, William Shihara, have reportedly settled with the US Securities and Exchange Commission (SEC) for $24 million over allegations of operating an unregistered exchange. The sum includes disgorgement, prejudgment interest, and civil penalties. In its announcement, the SEC highlighted Bittrex’s continued attempts to sidestep federal securities laws. Shihara described the settlement as a “good outcome” and stressed the importance of striking a balance between promoting innovation and ensuring consumer protection.