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SEC vs. Cumberland DRW: Who’s Really Playing by the Rules?
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Subscribe16 OCT 2024 / SEC UPDATES
The U.S. Securities and Exchange Commission (SEC) has charged Chicago-based cryptocurrency trading firm Cumberland DRW with allegedly operating as an unregistered dealer in the crypto market, involving over $2 billion in digital assets. The SEC aims to halt Cumberland's activities and recover penalties and interest, arguing the crypto firm violated securities laws, while the firm contests the charges, decrying a lack of clarity in the SEC's stance on digital assets.
In a bold move, the U.S. Securities and Exchange Commission (SEC) has charged Chicago-based crypto trading firm Cumberland DRW for allegedly operating as an unregistered dealer in the crypto asset market. According to the SEC, Cumberland has been buying a...
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