United States of America: SEC investigation into Abra over the alleged offer and sale of unregistered crypto asset securities
Progress
Current status
under investigation
26 Aug 2024 under investigation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced settlement in SEC investigation into Abra over the alleged offer and sale of unregistered crypto asset securities
On 26 August 2024, the US Securities and Exchange Commission (SEC) announced that it had entered into a settlement agreement with Abra for failing to register the offers and sales of its retail crypto asset lending product, Abra Earn, and for operat…
SourceEvent type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body