Catenaa, Saturday, March 08, 2025-The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Cumberland DRW, marking the latest in a series of dissolved crypto probes under the Trump administration.
Cumberland, the crypto trading arm of Chicago-based DRW, said Tuesday that it signed a joint filing with the SEC to dismiss the case, pending final approval. The SEC, which had accused the firm of operating as an unregistered dealer while trading $2 billion in crypto, declined to comment.
“As a firm deeply committed to integrity and transparency, we look forward to continuing our dialogue with the SEC to help shape regulatory clarity,” Cumberland said in a statement on X.
The decision to abandon the case follows a trend of dropped lawsuits and investigations involving major crypto firms. In recent weeks, the SEC has dismissed or scaled back actions against Kraken, Consensys, Coinbase, Gemini, and Yuga Labs.
The move signals a notable shift in regulatory posture under the Trump administration, which has taken a more industry-friendly approach to crypto oversight. While critics argue this weakens investor protections, supporters say it fosters innovation and financial growth.
With regulatory clarity still evolving, the crypto industry awaits further signals on how enforcement actions may unfold in the months ahead.
