Cumberland DRW Seeks To Dismiss SEC Lawsuit

According to BlockBeats, on March 5, cryptocurrency trading firm Cumberland DRW announced on the X platform that it has filed a joint application with the U.S. Securities and Exchange Commission (SEC) to dismiss the lawsuit filed against it. The agreement was reached in principle on February 20 and is currently awaiting approval from the SEC commissioners. The SEC had filed a lawsuit against Cumberland DRW in October of last year, accusing the company of operating as an unregistered securities dealer and selling over $2 billion in unregistered securities.