🚀 Big news in the crypto world! Abra has reached a settlement with the SEC over its Abra Earn product, which was accused of being an unregistered security. The platform, owned by Plutus Lending, had amassed nearly $500M from U.S. investors.

The SEC's complaint highlighted that Abra operated as an investment company without proper registration since 2020. Abra has agreed to comply with securities-registration rules and any civil penalties imposed by the court.

What do you think about this settlement? Share your thoughts in the comments! 💬 #CryptoNews #Blockchain

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