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