In a riveting turn of events, the United States Securities and Exchange Commission (SEC) has recently stopped crypto trading on the American arm of Israel-based multi-asset company eToro. However, the crypto platform currently allows trading of three cryptocurrencies following the recent crackdown. Meanwhile, as the regulatory body continues its crackdown on digital assets, this move sparked severe concerns among U.S. crypto investors.
Here’s Why the SEC Shuttered All Crypto Trading On eToro Except 3 Coins
According to an official SEC press release, “eToro USA LLC has agreed to pay $1.5 million to settle charges that it operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as securities.” In light of the recent provision, the American arm of the Israel-based multi-asset company has ceased crypto trading for all assets except three renowned coins in the States.
Meanwhile, t
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