đ 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! đŹ #CryptoNews #Blockchain
Read more: [Link]