The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, the crypto trading arm of DRW, a Chicago-based trading firm. Last October, the SEC sued Cumberland DRW for selling over $2 billion in unregistered securities, listing several tokens including Polygon, Solana, Cosmos, Algorand, and Filecoin. Cumberland DRW and its CEO Don Wilson had initially planned to fight the charges, but the SEC's decision to drop the case comes after a series of abandoned lawsuits by the agency, including cases against Coinbase, ConsenSys, and Kraken. The SEC's agreement with Cumberland DRW is pending approval from a majority of the three commissioners on the panel.



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