The crypto market has remained relatively stable despite the recent charges filed by the US Securities and Exchange Commission (SEC) against crypto trading firm Cumberland. Experts believe that the market is unfazed because well-funded companies, such as Ripple and Coinbase, have previously been successful in fighting SEC accusations in court. Cumberland's parent company, DRW, has also previously won a lawsuit filed by the Commodity and Futures Trading Commission. Additionally, the market has shown little reaction to the SEC's classification of various cryptocurrencies, including Solana and Polygon, as securities. Some experts believe that SEC Chair Gary Gensler's position is becoming increasingly tenuous, and his hostility towards the crypto industry is not expected to change. Overall, the market seems confident in the ability of well-funded companies to confront SEC allegations and is not concerned about the regulatory actions at this time.



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