The SEC has dropped another case, this time against Cumberland, a global leader in providing 24/7 access to deep crypto liquidity. This follows the SEC’s decision to drop its case against Kraken Exchange just the day before. Cumberland announced today that it has signed a joint filing with the SEC to dismiss the case against them.
“Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW. The filing was agreed in principle between Cumberland DRW and SEC staff on February 20 and is currently pending Commission approval,” the company wrote.
Cumberland expressed its commitment to integrity and transparency, highlighting its ongoing dialogue with the SEC. The company looks forward to helping shape a future where technological advancements and clear regulations work together, ensuring the U.S. stays at the forefront of global financial innovation.
Ripple Lawsuit Continues:
The crypto community is now eagerly awaiting the outcome of the ongoing Ripple case. Despite the SEC’s recent dismissal of cases against several cryptocurrency firms, including Coinbase, Robinhood, Uniswap and Gemini among others, the lawsuit against Ripple Labs remains unresolved. Additionally, President Donald Trump’s recent announcement designating XRP, Ripple’s native token, as part of the U.S. government’s strategic cryptocurrency reserve has raised expectations for a favorable resolution.
Ripple’s legal team has asked for a deadline of April 16, 2025, to submit their cross-appeal. This date is important because it could affect how the case moves forward. Experts believe the case could be resolved before this date, but no official updates have been given yet. The crypto community is closely watching for more clarity on the regulatory status of XRP.
