SEC Accuses Abra of Unregistered Securities Sales of Crypto Assets

The US Securities and Exchange Commission (SEC) has filed clear charges against Plutus Lending LLC, which operates under the name Abra, for failing to register offers and sales of its crypto-active loan product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company, further complicating the company’s regulatory status. SEC targets Abra (…)