U.S. SEC: Cryptocurrency lending firm Plutus Lending has paid a $1.65 million civil penalty to settle

ChainCatcher news, according to Crowdfund Insider, the U.S. Securities and Exchange Commission (SEC) announced that it has reached a settlement with the cryptocurrency lending institution Plutus Lending, LLC, which will pay a civil penalty of $1.65 million.

According to the U.S. Securities and Exchange Commission, Plutus operated under the name Abra and launched a retail crypto asset lending product called Abra Earn, but this product was not registered with the agency.