The U.S. Securities and Exchange Commission (SEC) continues its aggressive stance against cryptocurrency companies. In a recent announcement, the popular trading platform eToro will pay a $1.5 million fine and will be permitted to offer services for only a limited number of cryptocurrencies.
Latest Developments in Cryptocurrency Regulations
SEC asserts that most cryptocurrencies qualify as securities. As a result, the SEC is filing lawsuits against exchanges and trading platforms to compel them to halt operations. A historic decision was made today, revealing that eToro will only be allowed to provide services for BTC, BCH, and ETH. The SEC’s announcement stated:
“The SEC’s ruling indicates that, since 2020, eToro has offered unregistered securities to U.S. customers. This platform, operating as a broker and clearing house, did not comply with federal securities registration requirements.”
U.S. customers will only be able to trade Bitcoin 
$98,637, Bitcoin Cash, and Ethereum 
$3,455 on the platform. This also signifies another ruling indicating that the SEC regards these three cryptocurrencies as commodities.
