US securities regulator SEC crypto money continues its war with companies at full speed. According to a last-minute announcement, the popular cryptocurrency trading platform will pay a fine of $ 1.5 million and will only be able to provide services for a few cryptocurrencies.
Cryptocurrencies Breaking News
SEC claims that most cryptocurrencies are securities. That’s why they are filing lawsuits against exchanges and other cryptocurrency trading platforms, forcing them to stop their activities. A historic decision was made today and eToro It was announced that the company can only provide services for BTC, BCH and ETH. The SEC announcement includes the following;
“The SEC’s decision shows that eToro has been offering unregistered securities to US clients since 2020. Acting as a broker and clearinghouse, the platform failed to comply with the registration requirements of the federal securities laws.”
The only crypto assets that US customers can trade on the company’s platform are Bitcoin 
$58,156Bitcoin Cash 
$335 and Ether. This is another decision that shows that the SEC views the three cryptocurrencies as commodities.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
