As the U.S. SEC continues to open new fronts in the cryptocurrency war, some now wonder if it is distracted and has enough legal resources to fight so many lawsuits with the industry's largest players at the same time. Scott Mascianica, partner and head of government investigations and regulatory enforcement at Hilgers Graben, said the fact that these (enforcement actions against cryptocurrency companies) are being conducted simultaneously is very important and undoubtedly puts pressure on the agency. Legal professionals said that before the start of numerous cryptocurrency lawsuits, the SEC may face resource constraints, travel budget cuts, and reduced available funds, and cannot handle related matters as actively as possible. According to Cornerstone Research, as of the end of 2023, the SEC's total fines against crypto-related companies and individuals were $2.89 billion, with $281 million last year alone. Since the first action against the industry in July 2013, the SEC has taken a total of 173 crypto-related enforcement actions as of the end of 2023. Last year, the SEC initiated a total of 46 crypto-related enforcement actions, an increase of 53% from 2022. (Cointelegraph)