eToro Settles with SEC, Imposing Restrictions on US Crypto Trading

Thursday, 12 September 2024, 07:36

eToro settles with SEC, agreeing to restrict crypto trading in the US. The exchange will pay $1.5 million to resolve charges of operating as an unregistered broker. This settlement underscores the ongoing regulatory scrutiny facing crypto exchanges in the United States.
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eToro Settles with SEC, Imposing Restrictions on US Crypto Trading

eToro's Settlement with SEC

eToro, a prominent crypto exchange, has reached a settlement with the Securities and Exchange Commission (SEC), agreeing to impose significant restrictions on its operations in the United States. The company will pay $1.5 million following charges of operating as an unregistered broker and clearing agency.

Understanding the Settlement's Impact

  • Regulatory Compliance: eToro's actions reflect the tightening grip of regulators on crypto exchanges.
  • Future Operations: The settlement may shape how eToro conducts its business moving forward.
  • Investor Protection: Enhancements in investor safeguards stem from this regulatory scrutiny.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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