The U.S. Securities and Exchange Commission (SEC) said Cumberland DRW was an unregistered securities dealer in a lawsuit Thursday, alleging the crypto market maker “bought and sold” cryptocurrencies that were sold as unregistered securities.
The SEC alleged that Cumberland used its research reports and update emails to promote investments in different cryptocurrencies, naming Polygon’s SOL Price Index and Live Chart – CoinDesk”>(SOL), Cosmos’ <a href="https://coindesk.com/price/cosmos/" data-position="autolink" title="Cosmos Price (formerly MATIC), Solana's <a href="https://coindesk.com/price/solana/" data-position="autolink" title="Solana Price
