Wu said that eToro USA LLC has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to pay a $1.5 million fine and stop most crypto asset trading activities. The SEC accused eToro of operating an unregistered broker and clearing agency on its crypto asset trading platform. According to the settlement agreement, eToro will only allow U.S. customers to trade Bitcoin, Bitcoin Cash and Ethereum, and will liquidate other crypto assets that cannot be transferred to customers within 187 days and refund the proceeds.