SEC Charges Abra for Unregistered Crypto Lending Operations

SEC Charges Abra for Unregistered Crypto Lending Operations

The U.S. Securities and Exchange Commission (SEC) announced on August 26 that it has reached a settlement with Plutus Lending LLC, commonly known as Abra, regarding charges of unregistered crypto offerings and operations. These charges stem from Abra’s failure to register its retail crypto lending product, Abra Earn, and for functioning as an unregistered investment company. According to the SEC’s complaint, Abra introduced Abra Earn in July 202...

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