Lawyer Addresses SEC Targeting Crypto Exchange Bittrex

The SEC alleges that crypto exchange Bittrex simultaneously operated a national securities exchange, broker and clearing agency violating federal statutes. Morrison Cohen LLP partner and chair of the firm's digital assets department, Jason Gottlieb, discusses what to make of the agency's latest enforcement action. Gottlieb also weighs in on whether the murky regulatory environment could drive some of the U.S. crypto industry overseas.