The Securities and Exchange Commission (SEC) achieved a record high of $8.2 billion in remedies for the fiscal year 2024, a significant increase from the previous year. Despite a decline in enforcement actions, the SEC's financial penalties grew due to actions against crypto entities, including Terraform Labs (TFL) and its co-founder Do Kwon, who settled charges for $4.5 billion. The SEC received over 45,000 complaints and reports, the highest ever, and banned 124 individuals from serving as officers or directors of public companies. The agency charged several fraud cases involving digital assets, highlighting the risks posed by emerging technologies. However, the SEC is unlikely to recover any funds from TFL, as the company is bankrupt. Retail investors affected by the UST and LUNA collapse hope for a community-led revival, while the Terra Luna Classic community is making decisions regarding the blockchain's development and compensating developers for their work.



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