United States of America: SEC lawsuit against Cumberland DRW's alleged non-compliance with business registration obligation
Progress
Current status
under deliberation
10 Oct 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Filed SEC lawsuit against Cumberland DRW's alleged non-compliance with business registration obligation
On 10 October 2024, the Securities and Exchange Commission (SEC) charged Cumberland DRW LLC, a Chicago-based company, for operating as an unregistered dealer in crypto assets worth over USD 2 billion, in violation of federal securities laws. Accordi…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body