The SEC is experiencing a landmark year in crypto enforcement, with total penalties reaching $4.7 billion. This figure represents a staggering 3,000% increase from the previous year.
A significant portion of this total comes from a $4.47 billion settlement involving Terraform Labs and its former CEO, Do Kwon.
This surge in enforcement activity underscores the SEC's intensified focus on regulating the cryptocurrency sector.
Source: cointelegraph.com ↗