The U.S. Securities and Exchange Commission (SEC) has moved to drop its lawsuit against Cumberland DRW, a Chicago-based crypto trading firm. The lawsuit, filed last year, accused Cumberland of operating as an unregistered dealer while handling over $2 billion in cryptocurrencies, including tokens such as Solana, Polygon, Cosmos, Algorand, and Filecoin. A joint filing for dismissal was submitted on February 20, 2025, and is pending final approval by the SEC. Cumberland, the crypto trading arm of DRW, announced it will continue discussions with the SEC on regulatory matters. This decision follows an agreement reached between Cumberland and SEC staff, reflecting a shift in the regulator's approach under the Trump administration, which has also seen dismissals of cases against other crypto firms like Kraken, Coinbase, and Robinhood.