SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a High Precedence for Chairman Gensler – Regulation Bitcoin Information


The U.S. Securities and Change Fee (SEC) has introduced 97 cryptocurrency enforcement actions up to now. Moreover, the securities regulator has imposed roughly $2.35 billion in complete financial penalties towards digital asset market contributors.

97 Crypto Enforcement Actions

Cornerstone Analysis revealed a report titled “SEC Cryptocurrency Enforcement: 2021 Replace” final week. The report analyzes SEC enforcement actions from July 2013 to December 2021, the corporate detailed, elaborating:

Because the first motion in July 2013, the SEC has introduced a complete of 97 enforcement actions as of December 31, 2021.

Based on the report, 58 enforcement actions had been cryptocurrency-related litigations and 39 had been administrative proceedings. As well as, about half of the 58 litigations occurred within the state of New York. As of Jan. 3, 31 litigations had reached a decision.

Furthermore, the securities watchdog additionally introduced 10 delinquent submitting orders, 20 buying and selling suspension orders, and plenty of subpoenas and follow-on administrative proceedings.

The report additionally particulars: “As of year-end 2021, the SEC had imposed roughly $2.35 billion in complete financial penalties towards digital asset market contributors.”

The brand new SEC chairman, Gary Gensler, was sworn in on April 17, 2021. The report notes:

Beneath the brand new administration, the SEC’s enforcement exercise has continued to concentrate on cryptocurrency-related actions.

Gensler has made cryptocurrency one of many SEC’s prime priorities. Final week, he harassed that crypto buying and selling platforms have to be regulated to make sure investor safety. In December final 12 months, the chairman added a crypto adviser to his government employees.

The North American Securities Directors Affiliation (NASAA) and state regulators stated earlier this month that “investments associated to cryptocurrencies and digital belongings is our prime investor risk .. by far.”

What do you concentrate on the variety of crypto enforcement actions the SEC has taken? Tell us within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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