The SEC drops the lawsuit against Cumberland DRW, accused of unregistered trading in cryptocurrencies since 2018, totaling over $2 billion

The SEC has agreed to settle its lawsuit with the cryptocurrency trading firm Cumberland DRW. In March 2025, the company announced that it had signed a joint statement with the SEC to end the case, which was initiated in October 2023. The SEC accused Cumberland of conducting operations with cryptocurrencies, deemed as securities, without proper registration since 2018. The regulator argued that five cryptocurrencies, with which the company worked, are securities.