Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) sued Cumberland DRW, claiming that it operated as an unregistered securities dealer. According to the SEC's prosecution information, since March 2018, Cumberland has been trading crypto assets as securities for its own account as an unregistered dealer. It currently operates more than $2 billion in crypto asset securitization business, violating the registration requirements of the U.S. federal securities law designed to protect investors. (SEC)