🚨 Latest Crypto News: SEC Breaks Record! 🚨
- The SEC managed to collect $8.2 billion from enforcement actions in 2024. This is the largest record in their history, you know! 🎉
- The big Terraform Labs case was the main contributor. Who would have thought that crypto drama could generate this much money?
- Although the number of cases dropped 26% to 583, the money collected was still fantastic. There was $6.1 billion from disgorgement and $2.1 billion from penalties.
- Gary Gensler, the chairman who will soon retire, emphasized that investor protection is a top priority, especially in the increasingly risky crypto sector.
- There were also other cases such as HyperFund and NovaTech Ltd which also contributed large figures.
- Interestingly, although crypto cases dropped to 11, fines increased by 3,000%! What do you think about the SEC's new strategy? Let's discuss in the comments column!