Thursday, February 2

The SEC Has Issued $2.4 Billion In Crypto-Related Penalties Since 2013 By Cointelegraph


©Reuters. The SEC has issued $2.4 billion in crypto-related penalties since 2013

The Securities and Exchange Commission (SEC) has issued a total of approximately $2.35 billion in sanctions against digital asset market participants since 2013, according to a Jan. 19 report from Cornerstone Research.

The report, SEC Cryptocurrency Enforcement: 2021 Update, found that the SEC filed a total of 97 enforcement actions worth $2.35 billion between 2013 and the end of 2021.

Fifty-eight of the total 97 were action litigation and the remaining 39 were administrative proceedings. Of the total $2.35 billion collected from litigation, $1.71 billion was collected in litigation and $640 million in administrative proceedings.

Read the full article on Cointelegraph

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