đ Breaking news in the crypto world! đ
The SEC has sued Cumberland DRW for operating as an unregistered dealer. Since 2018, Cumberland has sold over $2 billion in crypto assets without complying with federal requirements. The SEC is seeking penalties and recovery of profits.
- Tokens involved: MATIC, SOL, ATOM, ALGO, FIL.
- Cumberland claims to have tried to register in 2019, but it only applied to BTC and ETH.
- They do not plan to change their operations and are ready to defend themselves.
What do you think about this move by the SEC? Leave us your comment! đŹ
