U.S. regulators collected nearly $32 billion from crypto firms since FTX’s collapse.
FTX and Alameda face a record $12.7 billion settlement in a pivotal regulatory shift.
Recent enforcement actions surged, with 16 settlements totaling over $30 billion since 2022.
US regulators have stepped up enforcement actions against cryptocurrency companies, securing nearly $32 billion in settlements from top industry players. These regulatory efforts have increased after the high-profile collapse of crypto exchange FTX, showing the government’s growing scrutiny of the digital asset market.
Over half of the settlements were secured in the past two years. This shows a concerted effort to address possible violations, improve consumer protections, and reduce risks to financial stability.
FTX and Alameda Involved in Record-Setting Settlements
Notably, the largest regulatory action to date involved bankrupt crypto exchange FTX and its affiliated trading firm, Alameda Research. The Commodity Futures Trading Commission (CFTC) led the charge, securing a substantive $12.7 billion settlement in August 2024.
This settlement came just under two years after FTX’s collaps…
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