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Hodge
@sunrogue
The United States Securities and Exchange Commission has imposed nearly $4.7 billion worth of enforcement actions against crypto firms this year — jumping over 3,000% from 2023. The regulator’s 11 enforcement actions in 2024 have seen it net a 3,018% increase from its $150.3 million worth of fines last year, despite it laying 19 fewer actions against crypto firms. The SEC’s record-setting year was boosted by a massive $4.47 billion settlement with Terraform Labs and ex-boss Do Kwon in June. “This trend indicates a strategic shift by the SEC toward fewer but larger fines, with a focus on making high-impact enforcement actions that set precedents for the entire industry,” the report said.
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