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You Won’t Believe What Happens When You Try to Cash Out on That ‘Lucky’ Cryptocurrency Scheme

A  illustration depicting a giant crypto coin being held by an outstretched hand with handcuffs wrapped around it, while another figure in the background is seen holding a 'For Sale' sign with a red X through it.

Crypto bros, rejoice! Your precious crypto is about to get a whole lot more regulated… by the SEC. And not in a good way for you.

Source: bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and penalties. The U.S. Securities and Exchange Commission (SEC) charged Cumberland DRW LLC, a Chicago-based firm, […]

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