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.