In fiscal year 2024, the U.S. Securities and Exchange Commissionachieved a record $8.2 billion in financial remedies, marking the highest amount in its history. This total includes $6.1 billion in disgorgement and prejudgment interest, and $2.1 billion in civil penalties. ￼

A significant portion of these remedies stemmed from a $4.5 billion settlement with Terraform Labs, a crypto firm accused of securities fraud. Despite this substantial settlement, the SEC is expected to collect little from it due to its agreement to be paid after the firm satisfies its crypto loss claims.