CandleFocus SEC has levied over $7.42 billion in fines against crypto industry: study
2024-09-11
Author: Content Editor
A recent study has found that the U.S. Securities and Exchange Commission (SEC) has imposed fines totaling over $7.42 billion on the cryptocurrency industry since 2013. The study analyzed the SEC's actions against crypto firms and individuals over the past decade, revealing that scrutiny and fines have been increasing over the years. In 2024 alone, the SEC levied $4.68 billion in fines, accounting for 63% of the total. This represents a significant increase from the $150.26 million imposed in 2023. The study highlights high-profile cases, with Terraform Labs and Do Kwon in 2024 receiving the largest fine of $4.68 billion. The average fine amount has surged from $3.39 million in 2018 to $426 million in 2024, indicating a trend of rising fines. The study concludes that there has been a steady increase in regulatory scrutiny and penalties, particularly targeting larger firms and major violations.
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