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Crypto Trading Firm Cumberland Says SEC Plans to Drop Lawsuit – Decrypt

4 March 2025
in Web3
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Cumberland DRW has introduced that the Securities and Trade Fee agreed to dismiss its lawsuit towards the agency.

Writing on X on Tuesday, the Chicago-based crypto buying and selling agency stated the case will likely be scrapped pending closing SEC approval.

In the present day we signed a joint submitting to be made with the Securities and Trade Fee (SEC) dismissing its case towards Cumberland DRW. The submitting was agreed in precept between Cumberland DRW and SEC workers on February 20 and is presently pending Fee approval. As a agency…

— Cumberland (@CumberlandSays) March 4, 2025

The SEC final 12 months sued Cumberland for varied securities fees, alleging the agency operated as an unregistered vendor in dealing with greater than $2 billion value of cryptocurrencies. The SEC named property like Solana and Polygon within the grievance.

This can be a breaking information story and will likely be up to date. 

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