eToro-SEC Settlement to Make Platform Stop Most Crypto Trading

September 20, 2024 at 09:05 AM EDT

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Retail trading company eToro has halted the majority of its crypto offerings in the United States as part of a settlement with the U.S. Securities Exchange Commission. This decision comes after the SEC raised concerns over eToro’s compliance with securities laws.

As part of the agreement, eToro will pay a $1.5 million penalty to address accusations that it acted as an unregistered broker and clearing agency for crypto transactions. The regulator accused eToro of allowing its U.S. users to trade digital assets, which the agency considers to be securities, without meeting the…

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