SEC, CFTC Penalize Abra Crypto Wallet $300K for Selling Unregistered Stock Swaps | Crypto Briefing

Key Takeaways

  • The SEC and CFTC have charged Abra with offering unregistered investment contracts and violating securities regulations
  • Abra and its partner company will jointly pay $300,000 in penalties to the SEC and CFTC
  • Abra will continue to operate as a standard cryptocurrency wallet

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