The U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against crypto trading firm Cumberland DRW, according to recent reports. The dismissal is pending final approval.
This marks a significant turn in the SEC’s ongoing regulatory scrutiny of the crypto industry. Cumberland DRW, a major player in digital asset trading, was previously under investigation over alleged regulatory violations. The decision to dismiss the case could signal a shift in the SEC’s enforcement approach or indicate a resolution between the two parties.
More details are expected as the approval process unfolds. Stay tuned for updates.
