According to Techub News, the U.S. Securities and Exchange Commission (SEC) announced that the SEC reached a $1.5 million settlement agreement with the investment trading platform eToro USA LLC on illegal operations and will stop all cryptocurrency-related trading activities.

The trading platform was accused by the SEC of providing cryptocurrency trading services as an unregistered broker and unregistered clearing agency. Instead of admitting or denying the SEC's findings, eToro agreed to accept the stop order, pay a $1.5 million fine, and liquidate any cryptocurrency assets offered and sold as securities within 187 days of the order.