The U.S. Securities and Exchange Commission announced today that eToro USA LLC has agreed to pay $1.5 million to settle charges that it facilitated the sale and purchase of certain crypto assets that are securities. eToro has agreed to cease violating applicable federal securities laws and to offer only a limited number of crypto assets for trading.
eToro said that moving forward, pursuant to the SEC’s order in this matter, the crypto assets that U.S. customers can trade on the company’s platform will be Bitcoin, Bitcoin Cash, and Ethereum, and that it will offer its customers the ability to sell all other crypto assets within 180 days of the issuance of the SEC’s order.