Official announcements from eToro or SEC filings

eToro Settles with SEC for $1.5M, Halts Trading on Most Crypto Assets

Sep 12, 2024, 01:10 PM

eToro has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over charges of operating an unregistered broker and clearing agency in connection with its crypto asset trading platform. As part of the settlement, eToro USA LLC will cease trading activity in nearly all crypto assets, except for Bitcoin, Bitcoin Cash, and Ether. The settlement includes a $1.5 million payment to the SEC. eToro, which scrapped a SPAC deal in 2022, is taking this action as a significant regulatory move, highlighting the SEC's ongoing scrutiny of crypto trading platforms.