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Plutus Lending pays $1.65 million civil penalty, settles with the US SEC

BlockBeats News, January 16th, the U.S. Securities and Exchange Commission (SEC) has reached a settlement with the crypto lending institution Plutus Lending, which paid a civil fine of $1.65 million. The SEC stated that Plutus operated under the name of Abra, launching a retail crypto asset lending product called Abra Earn, which was not registered with the agency.

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