Solana

Polygon

SEC announced on Thursday, October 10th that it is charging Cumberland DRW with different security charges. One of the charges states that the crypto trading firm is an unregistered dealer while handling more than $2 billion in crypto assets. 
Furthermore the complaint claims that Cumberland has traded “crypto assets that are offered and sold as investment contracts on third-party crypto asset exchanges.” 
<figure id="attachment_598998" aria-describedby="caption-attachment-598998" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-598998 size-large" src="https://www.cryptopolitan.com/wp-content/uploads/2024/10/GZi1GyDbwAA8SHJ-794x1200.png" alt="SEC sues Cumberland" width="794" height="1200" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/10/GZi1GyDbwAA8SHJ-794x1200.png 794w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/GZi1GyDbwAA8SHJ-199x300.png 199w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/GZi1GyDbwAA8SHJ-768x1161.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/GZi1GyDbwAA8SHJ-1016x1536.png 1016w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/GZi1GyDbwAA8SHJ.png 1115w" sizes="(max-width: 794px) 100vw, 794px">
 <figcaption id="caption-attachment-598998" class="wp-caption-text">
 Source: https://www.sec.gov/
 </figcaption>
</figure> 
Cumberland <a href="https://www.cryptopolitan.com/wp-admin/post.php?post=598991&amp;action=edit&amp;classic-editor">tweeted</a> the reply to SEC charges on X. The company said that “we are ready to defend ourselves again”.

SEC sues Cumberland, calls Solana and Polygon securities

Cryptopolitan_News

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