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EToro curtails new orders of SEC-deemed crypto securities for US customers
The brokerage eToro is cutting off US customers from four crypto tokens newly deemed securities by the SEC. The market maker on Monday cited a “rapidly evolving regulatory landscape” in explaining the move. The four cryptocurrencies set to be removed from eToro’s platform are algorand (ALGO), decentraland (MANA), polygon (MATIC) and dash (DASH). The four were cited in varying capacities in the SEC’s lawsuits against Binance and Coinbase last week. Effective 6 am ET on July 12, US customers will not be able to purchase any additional amount of the four tokens. Users are set to retain the ability to “hold and ... (full story)