Crypto Trading Firm Cumberland Says SEC Plans to Drop Lawsuit
2025-03-04 21:16:32 UTC
The SEC last year charged Cumberland DRW with various securities charges—but now the lawsuit is set to be dropped.
Cumberland DRW has announced that the Securities and Exchange Commission agreed to dismiss its lawsuit against the firm.
Writing on X on Tuesday, the Chicago-based crypto trading firm said the case will be scrapped pending final SEC approval.
The SEC last year sued Cumberland for various securities charges, alleging the firm operated as an unregistered dealer in handling more than $2 billion worth of cryptocurrencies. The SEC named assets like Solana and Polygon in the complaint.
This is a breaking news story and will be updated.
Source: decrypt.co
Related News
- USDC Becomes First Dollar-Pegged Stablecoin Approved in Japan
- 'Buy Everything You Can': Mexican Billionaire Ricardo Salinas Now Holds 70% of Personal Portfolio in Bitcoin
- Deutsche Telekom, Perplexity Team Up on AI Phone to Challenge Apple
- 'Rumble Kong League' Game Will Launch FAME Token on Ronin Next Week
- Thai Police Raid Five Crypto Firms, Arrest 11 in Crackdown
- Bitcoin Sinks Further as Tariff Fears Wipe Out Trump ‘Reserve’ Gains
- IMF Imposes New Bitcoin Rules on El Salvador Through Its $1.4 Billion Loan
- Trump Admin Throws Weight Behind Bill to Repeal Anti-DeFi IRS Crypto Tax Rule
- ByBit CEO: This Is 'Critical' Week to Freeze Funds From $1.4 Billion Hack
- Dogecoin, Solana Down by Double Digits as Ethereum Price Hits 15-Month Low
© 2025 DeFi.io