The US Securities and Exchange Commission (SEC) has agreed to withdraw its case against Cumberland DRW, a Chicago-based crypto trading firm.
The company announced in a post published March 4 on X:
"Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW."
Cumberland has stated that a preliminary agreement had been reached with the SEC staff on February 20, and the matter is now pending final approval by the agency.
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This is the latest case in which the SEC drops a crypto-related lawsuit, as it has previously dropped cases against Coinbase, Kraken, Consensys, Gemini, Uniswap Labs, OpenSea and Yuga Labs.