eToro USA pays $1.5M to settle SEC charges, restricts Crypto trading

eToro USA LLC will pay $1.5 million to settle charges with the Securities and Exchange Commission (SEC) for operating as an unregistered broker and clearing agency. The SEC claims eToro facilitated the trading of crypto assets considered securities without proper registration since 2020.

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As part of the settlement, eToro will limit the crypto assets available for trading in the U.S. but will continue offering stocks, ETFs, options, and the three largest crypto assets. CEO Yoni Assia emphasized that the settlement will minimally impact their global business, allowing them to focus on innovation and growth.