SEC Agrees To Drop Lawsuit Against Cumberland DRW

Description

Key Takeaways: Cumberland DRW reached an agreement with the SEC to formally end its lawsuit over allegations of operating as an unregistered dealer, though its finalization is still pending approval. . Once approved, Cumberland DRW and the SEC’s joint filing officially ends the litigation against the crypto company after the regulator accused it of violating federal securities law. The SEC recently dropped multiple lawsuits against major crypto firms like Kraken, Coinbase, and OpenSea, signallin...