On Tuesday, the Securities and Exchange Commission announced its latest settlement with a crypto company, with the Israel-based eToro agreeing to pay $1.5 million in fines for operating as an unregistered trading platform. While these sort of actions have become commonplace as part of the SEC's broader campaign against the crypto sector, the eToro news included a significant detail that suggests the agency has made a key concession concerning the second most popular blockchain, Ethereum.
Notably, the eToro settlement spells out that the agency will cease offering crypto except for three digital assets: Bitcoin, Bitcoin Cash, and Ethereum.
