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US SEC Sues Cumberland DRW for Unregistered Crypto Asset Trading

  • The U.S. SEC has sued Cumberland DRW LLC for trading over $2 billion in crypto assets without dealer registration.
  • The SEC's complaint names five assets as securities: SOL, POL, ATOM, ALGO, and FIL.
  • Cumberland is accused of violating Section 15(a) of the Securities Exchange Act of 1934.
  • This legal action is part of the SEC's efforts to regulate the crypto market and ensure investor protection.

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