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SEC Drops Lawsuit  in Landmark Crypto Case Against Cumberland DRW

  • The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against crypto trading firm Cumberland DRW.
  • The case against Cumberland DRW started in 2024 where the SEC accused the company of operating as an unregistered securities dealer.
  • SEC's shift in regulatory approach: The SEC has been dropping some of its crypto-related lawsuits and closing investigations into NFT projects and exchanges.
  • Cumberland DRW's dismissal comes amid increased calls for the SEC to adjust its regulatory approach to the crypto industry.

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