SEC Abandons Cumberland DRW Suit: Ripple Case Next? ⚖️
The U.S. Securities and Exchange Commission (SEC) has decided to drop its enforcement case against Cumberland DRW, a crypto trading firm. This comes shortly after the SEC dismissed its lawsuit against crypto exchange Kraken, signaling potential strategic shifts by the regulatory body.
The case against Cumberland DRW involved allegations of unregistered broker-dealer operations, which the SEC initiated 15 months ago. This decision raises questions about the future of the SEC's approach to similar cases, including ongoing proceedings with Ripple.
These developments hint at a potentially crucial period for Ripple, as the community watches closely for any signs of relief.
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