🔔Blockchain News Flash! Digital investment platform Abra and its founder and CEO William Barhydt have reached a settlement with financial regulators in 25 U.S. states. 👀The reason? Abra will refund up to $82 million in cryptocurrency to U.S. customers in those states for operating its mobile app without the proper licenses. 😱

🚫The settlement requires Abra to stop accepting cryptocurrency allocations and trades from U.S. Abra Trade customers. Barhydt also agreed not to participate in money transmission or money services business in these 25 states in any capacity for the next five years. 🙅‍♂️

👨‍⚖️Charlie Clark, director of the Washington State Department of Financial Institutions, said state financial regulators will take violations of law seriously. Abra's spokesperson noted that the settlement also resolves Abra's unregistered securities sales issues with certain state securities regulators. 💼

💰Since June 2023, Abra has refunded more than $250 million, or about 99% of the assets held by its U.S. retail customers. But don't worry, Abra still operates in the United States through Abra Capital Management, an SEC-registered investment advisor. 👍

🎉The future of Bitcoin is still bright! Although the regulatory storm is sweeping the world, our optimism about Bitcoin remains unchanged. 💪 Let's pay attention to the development of the blockchain industry together! 🌍