SEC Dismisses Lawsuit Against Cumberland DRW

Months after the US Securities and Exchange Commission accused Cumberland DRW of operating an unregistered securities trading operation, the case is being dismissed.

In a March 4 post on X, the Chicago-based crypto firm announced it had signed a joint filing with the SEC to drop the lawsuit, following an agreement reached on February 20.

Although the filing still requires formal approval from the agency, Cumberland remains optimistic that the matter is nearing its conclusion.

Cumberland sees the SEC’s decision as a positive step toward improved cooperation between regulators and the crypto industry. The firm also expressed its commitment to ongoing discussions with the SEC to create a future where “technological advancements and regulatory clarity go hand in hand.”