eToro settles with SEC for $1.5 million, halts most crypto trading

Stock and cryptocurrency trading platform eToro has settled with the US Securities and Exchange Commission on charges that it operated an unregistered broker and clearing agency and facilitated the trading of certain crypto assets as securities. The platform agreed to pay $1.5 million in fines. As part of the agreement, the platform will also restrict crypto trading for its US customers to only bitcoin, bitcoin cash and ether.