Big news in the world of cryptocurrency! The SEC, like a school principal, was upset with a company called Cumberland DRW for selling cryptocurrencies that the SEC thought were like special, unregistered toys. They sued Cumberland DRW last year. But now, things have changed.
- The SEC dropped the lawsuit against Cumberland DRW.
- The SEC also dropped other cases against big cryptocurrency companies.
- This means there's less conflict between the SEC and crypto businesses.
| Fact | Details |
|---|---|
| Amount of crypto sold | Over $2 billion |
| Cryptos involved | Polygon (POL), Solana (SOL), and others |
| Outcome | SEC dropped the lawsuit |
Some people think this might mean the SEC is becoming friendlier to crypto.
