Cumberland vs. SEC: Crypto Market Maker Fights Back Against Lawsuit

Quick Summary:

Chicago-based crypto market maker Cumberland, the latest target of the SEC, is pushing back against the regulator’s allegations.

The SEC sued Cumberland on Thursday for allegedly operating as an unregistered dealer and selling over $2 billion in crypto assets.

Cumberland responded by refusing to change its business operations and expressing confidence in its compliance framework.[…]

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: India

Topics: News SEC Cryptocurrency Market Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 08:30:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 124 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22994547

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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