SEC, CFTC Hit Crypto App Abra With $300K in Penalties Over Illegal Swaps

The financial regulators both found fault with Abra offering security-based swaps without first checking to see whether investors were eligble.

Source: https://www.coindesk.com/sec-cftc-hit-crypto-app-abra-with-300k-in-penalties-over-illegal-swaps

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