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 SEC crypto enforcement hits $4.7B this year, rising 3,000% from 2023 Cointelegraph 10 Sep 2024

SEC crypto enforcement hits $4.7B this year, rising 3,000% from 2023 💼

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 ↗

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