eToro to Pay $1.5M Fine and Limit Crypto Offerings in the U.S.
eToro has agreed to pay a $1.5 million fine to the SEC for operating as an unregistered broker and clearing agency in the U.S. As part of the settlement, eToro will reduce its cryptocurrency offerings in the U.S., limiting its services to Bitcoin, Ethereum, and Bitcoin Cash. U.S. users must sell or transfer unsupported crypto tokens by March 18, 2025. This decision impacts less than 3% of U.S. crypto holdings, and customers have until the deadline to manage their assets.
Despite these changes, eToroâs global operations remain unaffected. CEO Yoni Assia assured international users that they can continue to trade over 100 crypto assets. Assia also highlighted the company's commitment to regulatory compliance and expressed hope for clearer regulations in the U.S.
