News with the tag "Cumberland DRW"

In a surprising turn of events, the crypto world is buzzing with the news that the Securities and Exchange Commission (SEC) has decided to drop its enforcement case against prominent crypto trading firm, Cumberland DRW. This move, still pending Commissioner approval, marks a significant development ...

The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, the crypto trading arm of Chicago-based trading firm DRW, according to a Tuesday announcement from the company. The SEC sued Cumberland DRW last October , accusing the firm of acting as ...

Gensler’s SEC has been vague about how crypto firms can register to legally trade digital assets in the U.S. Chicago-based markets giant Don Wilson thinks that’s a strategy, not an accident.

In the Cumberland DRW lawsuit, the SEC seeks to recover profits from these trades and impose penalties.

The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raisin...

Cumberland allegedly had $2 billion worth of unregistered crypto dealing since 2018.

Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase,...

The firm said it's one of the only principal trading firms to hold the state's crypto license.

According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional over-the-...

Not all the so-called “on-chain treasuries” in the market are created equal, warns Hashnote CEO Leo Mizuhara.