Summary
- The U.S. Securities and Exchange Commission (SEC) has agreed to withdraw its lawsuit against Cumberland DRW.
- Last October, the SEC had charged Cumberland DRW with operating as an unregistered securities dealer.
- In relation to this, the SEC had claimed that Polygon, Solana, Cosmos, Algorand, and Filecoin were securities.
According to cryptocurrency media Coindesk on the 4th (local time), the U.S. Securities and Exchange Commission (SEC) has agreed to withdraw its enforcement action against cryptocurrency market-making firm Cumberland DRW.
Previously, the SEC had filed charges against Cumberland DRW in October last year for allegedly operating as an unregistered securities dealer.
At that time, the SEC claimed in its complaint that Polygon Ecosystem Token (POL), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL) were securities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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