Etoro, which is predicated in Israel, just isn’t a giant participant within the U.S. crypto market. It has solely 240,000 buyer accounts in comparison with Coinbase’s 100 million. However the SEC settlement is critical for the clues it affords about how the regulator views the important thing authorized query of which digital belongings should not securities, and due to this fact outdoors its supervision, attorneys contacted by CoinDesk mentioned.