Global #Sec

In a recent development, the U.S. Securities and Exchange Commission (SEC) has resolved its investigation into Plutus Lending LLC, commonly known as Abra, for charges related to the unregistered sale of crypto asset securities through its Abra Earn program.

The US Securities and Exchange Commission (SEC) announced on Monday that crypto lender Abra has settled allegations regarding improper marketing of its Abra Earn product.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have levied substantial fines on several major financial institutions for violations related to record-keeping regulations.

Nigeria's Securities and Exchange Commission (SEC) is poised to make significant strides in the world of digital assets. According to a recent Bloomberg report, the SEC is set to introduce licensing requirements for virtual asset providers, including cryptocurrencies, with the first licenses expected to be issued as early as this month.

In a surprising turn of events, XRP, the cryptocurrency associated with Ripple Labs, is facing difficulties in gaining traction even after reaching a significant settlement with the U.S. Securities and Exchange Commission (SEC).

In a significant enforcement action, the Securities and Exchange Commission (SEC) has fined New York-based broker-dealer OTC Link $1.19 million for failing to file Suspicious Activity Reports (SARs) over a period of three years.