SEC Sues Crypto Market Maker Cumberland DRW

As an example, the SEC alleged, Cumberland promoted ATOM by: “An email sent to counterparties on February 20, 2023 stated: “At this time, one of the smallest gainers in the sector, outside of ETH and EOS, was ATOM . ATOM is “only” up 53% year-to-date despite strong fundamentals and a healthy developer community, it’s a name we expect to see a recovery rally if the crypto remains buoyant.