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WASHINGTON :The U.S. Securities and Exchange Commission charged crypto market maker Cumberland DRW on Thursday with acting as an unregistered dealer for more than $2 billion in crypto assets, the agency said in a statement.The SEC said that Cumberland has acted as an unregistered dealer since March 2018 by b

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Singapore

US SEC charges Cumberland DRW for acting as unregistered dealer in crypto markets

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The regulator alleged the company "bought and sold" crypto assets that were sold as securities, but did not register as a securities dealer.

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SEC Sues Crypto Market Maker Cumberland DRW

The SEC continued its crypto crackdown Thursday with charges against Cumberland, again calling Solana and other assets securities.

decrypt.co

New York

United States

SEC Sues Crypto Trading Firm Cumberland, Again Alleges Solana and Polygon Are Securities

The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto As ‘Unregistered Dealer’ In a statement released on Thursday, the SEC re…

NewsBTC

SEC Strikes Again: Cumberland DRW Charged For 'Unregistered Crypto Operations'

The SEC's actions highlight increased regulatory scrutiny in the crypto industry, potentially reshaping compliance standards and market dynamics. The post SEC charges Cumberland DRW for operating as unregistered crypto dealer appeared first on Crypto Briefing.

Crypto Briefing

SEC charges Cumberland DRW for operating as unregistered crypto dealer - WorldNL Magazine

The United States Securities and Exchange Commission (SEC) has initiated a lawsuit against Chicago-based crypto maker Cumberland, alleging the company operated as an unregistered securities dealer in handling over $2 billion worth of cryptocurrencies. The charges against Cumberland are the latest move by the SEC to crack down on the fast-growing crypto industry. The regulator once again reiterated its longstanding characterization of cryptocurre…

ZyCrypto

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

The Securities and Exchange Commission (SEC) charged Chicago-based crypto market maker Cumberland DRW for allegedly operating as an unregistered securities dealer on Oct. 10. According to the SEC’s complaint, Cumberland has traded over $2 billion in crypto classified as securities since at least March 2018. The agency alleges that these activities, conducted through Cumberland’s trading platform Marea and over the phone, violated federal securit…

CryptoSlate

SEC charges Cumberland DRW for unregistered securities trading in $2B case

Securities and Exchange Commission (SEC) charged
Chicago-based Cumberland DRW LLC for operating as an unregistered crypto dealer.
The complaint involves more than $2 billion in crypto trades, allegations the
company termed as an “enforcement-first approach to stifling innovation.” Alleged ViolationsThe SEC alleged that the crypto liquidity provider has
been buying and selling crypto assets offered as securities without proper
registration since …

Finance Magnates | Financial and business news

SEC Charges Cumberland DRW with $2 Billion in Unregistered Crypto Trading

Crypto Breaking News

SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’

The US Securities and Exchange Commission has charged the crypto market-maker Cumberland DRW with acting as an unregistered dealer. The agency, which revealed the charges Thursday, alleged that the Chicago-based firm has been “operating as an unregistered dealer in more than $2 billion of crypto assets offered and sold as securities.” “Despite frequent protestations by the industry that sales of crypto assets are all akin to sales of commodities…

Blockworks

SEC files lawsuit against crypto market-maker Cumberland DRW

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US SEC charges Cumberland DRW for acting as unregistered dealer in crypto markets

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