Despite multiple media outlets reporting that the SEC already missed a crucial filing deadline, the agency has until Oct. 18 to submit all necessary documents.

The SEC claims Cumberland facilitated the sale of $2 billion worth of crypto asset securities since March 2018.

The centralized exchange hit back with a lawsuit that argues the SEC has unilaterally expanded its jurisdiction.

Ripple CEO Brad Garlinghouse has pledged to continue fighting the case.

The SEC alleges that Rari Capital operated as an unregistered broker and sold securities through its Fuse platform.

SEC commissioners Hester Peirce and Mark Uyeda dissented against the enforcement action.

The bill would establish a 20-person committee of independent stakeholders tasked with advising both the SEC and CFTC.

The crypto-focused fund that shut down after losing substantial assets on FTX quickly announced its intent to settle with the SEC and is “glad to put this matter behind us.”

The SEC has increased its scrutiny of the cryptocurrency industry over the years. 

Judge Torres found that Ripple’s institutional sales of XRP comprised unlicensed securities sales.