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

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

Abra CEO Bill Barhydt (CoinDesk archives)

Crypto financial app Abra has settled charges from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) relating to its offering of swaps deemed unlawful by the regulators.

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