The U.S. Securities and Exchange Commission (SEC) intensified its enforcement actions against the cryptocurrency industry in 2024, imposing nearly $4.7 billion in fines. This surge is primarily attributed to a record-breaking $4.47 billion settlement with Terraform Labs and its former CEO Do Kwon in June.
The U.S. Securities and Exchange Commission has ramped up its enforcement actions against the cryptocurrency sector in 2024, imposing nearly $4.7 billion in fines.from Social Capital Markets, 2024’s figures are largely attributed to the SEC’s $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon, in June making it the largest enforcement action to date by the agency.The total fines for 2024, which stand at $4.
“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 notes.
SEC Cryptocurrency Fines Enforcement Terraform Labs
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