Golden Finance reported that the U.S. Securities and Exchange Commission (SEC) announced that eToro USA LLC has agreed to pay a $1.5 million fine to resolve charges that it operated a crypto asset trading platform without a registered brokerage and clearing agency. As part of the settlement, eToro agreed to stop violating relevant federal securities laws and will only provide limited crypto asset trading. According to the SEC's order, since 2020, eToro has provided U.S. customers with crypto asset buying and selling services as securities transactions through its online trading platform, but failed to comply with the registration provisions of the federal securities laws. eToro publicly announced that in the future, U.S. customers can only trade Bitcoin, Bitcoin Cash and Ethereum on its platform. For other crypto assets, eToro will provide customers with a selling function within 180 days of the issuance of the SEC order.