2 years ago
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions truthful far. Furthermore, the securities regulator has imposed astir $2.35 cardinal successful full monetary penalties against integer plus marketplace participants.
97 Crypto Enforcement Actions
Cornerstone Research published a report titled “SEC Cryptocurrency Enforcement: 2021 Update” past week. The study analyzes SEC enforcement activities from July 2013 to December 2021, the institution detailed, elaborating:
Since the archetypal enactment successful July 2013, the SEC has brought a full of 97 enforcement actions arsenic of December 31, 2021.
According to the report, 58 enforcement actions were cryptocurrency-related litigations and 39 were administrative proceedings. In addition, astir fractional of the 58 litigations occurred successful the authorities of New York. As of Jan. 3, 31 litigations had reached a resolution.
Moreover, the securities watchdog besides brought 10 delinquent filing orders, 20 trading suspension orders, and a fig of subpoenas and follow-on administrative proceedings.
The study besides details: “As of year-end 2021, the SEC had imposed astir $2.35 cardinal successful full monetary penalties against integer plus marketplace participants.”
The caller SEC chairman, Gary Gensler, was sworn successful connected April 17, 2021. The study notes:
Under the caller administration, the SEC’s enforcement enactment has continued to absorption connected cryptocurrency-related actions.
Gensler has made cryptocurrency 1 of the SEC’s apical priorities. Last week, helium stressed that crypto trading platforms must beryllium regulated to guarantee capitalist protection. In December past year, the president added a crypto adviser to his enforcement staff.
The North American Securities Administrators Association (NASAA) and authorities regulators said earlier this period that “investments related to cryptocurrencies and integer assets is our apical capitalist menace .. by far.”
What bash you deliberation astir the fig of crypto enforcement actions the SEC has taken? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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