<ul><li>The SEC has sued crypto trading firm Cumberland, accusing it of operating as an unregistered securities dealer in handling over $2 billion worth of cryptocurrencies.</li><li>The SEC alleges that Cumberland traded crypto assets like Polygon (POL), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL) that are considered securities.</li><li>Cumberland denies the allegations and states that it has been in discussions with the SEC for years and remains confident in its compliance framework.</li><li>The SEC is seeking disgorgement, a permanent injunction, and civil penalties from Cumberland.</li></ul>

SEC Sues Crypto Trading Firm Cumberland; Alleges Polygon And Solana Are Securities

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