Cryptocurrency lender Plutus Lending pays $1.65 million in civil penalty to settle with SEC

Odaily News The U.S. Securities and Exchange Commission (SEC) announced that it has reached a settlement with cryptocurrency lender Plutus Lending, LLC, which paid a $1.65 million civil penalty. According to the SEC, Plutus, operating under the name Abra, launched a retail crypto asset lending product, Abra Earn, but the product was not registered with the agency. (crowdfundinsider)