eToro Settles with SEC: $1.5 Million Fine and Limited Crypto Trading
- eToro has pleaded guilty to charges it operated as an unregistered broker and clearing agent in a settlement with the U.S. Securities and Exchange Commission (SEC). đš
- The company will pay a $1.5 million fine and will only be able to trade Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH).
- The settlement hints at which digital assets the SEC does not consider securities.
- eToro has 240,000 customer accounts in the U.S., compared to Coinbaseâs 100 million accounts.
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