SEC has dropped another case, this time against Cumberland, the global leading company in providing access to the clock throughout the week to Deep Crypto liquidity. This is followed by SEC’s decision to drop its case against Kaken Exchange the day before. Camberland announced today that it had signed a joint file with the Supreme Education Council to reject the case against them.
“Today we have signed a joint file to be submitted with the Securities and Stock Exchange Committee (SEC), which rejects its case against Cumberland Drw. It has been agreed to deposit in principle between Cumberland DRW and SEC employees on February 20 and is currently suspended by the committee’s approval.”
Camberland has expressed its commitment to integrity and transparency, while highlighting its continuous dialogue with the Supreme Education Council. The company is looking to help forming a future in which technological developments and clear regulations work together, ensuring that the United States remains at the forefront of global financial innovation.
The rippal lawsuit continues:
The encryption community is now eagerly awaiting due to the ongoing state of ripples. Despite the dismissal of the recent cases in SEC against many cryptocurrencies, including Coinbase, Robinhood, UniswAP and GEMINI from among other things, the lawsuit against Ripple Labs is still unlawful. In addition, President Donald Trump’s recent announcement of XRP, the original symbol of Ripple, as part of the strategic cryptocurrency reserves affiliated with the United States government has sparked expectations for a favorable decision.
The Ripple Legal Team requested a deadline on April 16, 2025 to submit their interrupted appellants. This date is important because it can affect how the issue advances forward. Experts believe that the case can be resolved before this date, but official updates have not been submitted yet. The encryption community closely monitors more clarity on the regulatory status of XRP.
