Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states.

Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions
According to a report from Reuters, the Conference of State Bank Supervisors (CSBS) announced on Wednesday that as part of the agreement, Abra will cease offering cryptocurrencies for purchase and trading to its U.S. retail customers starting June 15. This action follows a series of enforcement activities directed at Abra by state regulators over the past year, pointing to a systemic wind-down of its services for U.S. retail clientele.