eToro has reached a settlement with the US Securities and Exchange Commission (SEC)! 🚀 eToro will pay $1.5 million for operating as an unregistered broker and clearing agency.

It will also cease trading cryptocurrencies other than Bitcoin, Bitcoin Cash, and Ether. The SEC continues to view Ether as a commodity, which is an important step for US crypto regulation.

This settlement could help us better understand the SEC’s perspective on crypto assets.