Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and…

Bitcoin.com | Jul 13, 2020 at 11:17 PM
  • Abra cryptocurrency app has been charged by two U.S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
  • The two companies were allegedly “offering and selling security-based swaps to retail investors without registration” and they failed “to transact those swaps on a registered national exchange,” the order details.
  • Effectively, Abra will pay $300,000 in civil penalties in total.