eToro Suspends Several Crypto Purchases in U.S Post SEC Ruling

eToro Suspends Several Crypto Purchases in U.S Post SEC Ruling

Robinhood had taken the same move in reaction to the SEC’s ruling.
eToro has adopted similar measures in the past during Ripple and SEC lawsuit.
Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) purchases on the retail trading platform eToro have been temporarily disabled for customers located in the United States as a result of a recent lawsuit from the Securities and Exchange Commission (SEC) designating these tokens as securities.
A few days before, another cryptocurrency exchange, Robinhood, had taken the same move in reaction to the SEC’s ruling that Polygon (MATIC), together with Cardano (ADA), and Solana (SOL), are securities.
Announcing on Twitter on June 12 that it had reviewed its cryptocurrency listings in light of “recent developments” with the SEC and “the rapidly evolving regulatory landscape,” eToro US said it has done so. Holders and traders on eToro in the United States may continue to sell the assets despite the fact that they will be

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