Bitcoin

Impact

Coin

<ul class="wp-block-list news-points"> 
 <li>eToro limits U.S. crypto trading to Bitcoin, Bitcoin Cash, and Ether post-settlement.</li> 
 <li>SEC settlement pushes eToro toward compliance with U.S. federal securities laws.</li> 
 <li>eToro’s case sets precedent for crypto platforms navigating U.S. regulatory framework.</li> 
</ul> 
eToro USA LLC has agreed to pay a <a href="https://www.sec.gov/newsroom/press-releases/2024-125#:~:text=Without%20admitting%20or%20denying%20the,and%20return%20the%20proceeds%20to" target="_blank" rel="nofollow">$1.5 million penalty</a> to the Securities and Exchange Commission (SEC) to resolve charges related to operating as an unregistered broker and clearing agency. 
The <a href="https://coinedition.com/opensea-faces-sec-scrutiny-over-nft-classification/?utm_source=telegram_channel&amp;utm_medium=referral">SEC</a> found that eToro’s platform facilitated trading in crypto assets considered securities without the necessary federal registrations. As a result, the company will cease trading in most crypto assets for its U.S. customers, only allowing Bitcoin, Bitcoin Cash, and Ether to be traded on its platform moving forward. 
<h2 class="wp-block-heading" id="h-unregistered-operations-and-impact">Unregistered Operations and Impact</h2> 
Since 2020, eToro has been providing U.S. customers with the ability to buy and sell various crypto assets. However, the SEC determined that the company was operating as both a broker and a clearing agency without the required registrations. This violation prompted the charges and subsequent settlement. 
In response, eToro has accepted a cease-and-desist order and w…
The post <a href="https://coinedition.com/etoro-pays-1-5m-sec-fine-limits-us-crypto-trading-to-btc-bch-eth/">&nbsp;eToro Pays $1.5M SEC Fine, Limits US Crypto Trading to BTC, BCH, ETH&nbsp;</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

eToro Pays $1.5M SEC Fine, Limits US Crypto Trading to BTC, BCH, ETH

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