This year, the SEC has collected an impressive $8.2 billion in enforcement actions, marking its highest total since 2019, with a significant portion stemming from penalties paid by Terraform Labs.
Without the contributions from Terraform Labs, the SEC’s net collections would have been approximately $3 billion, making this year the agency’s weakest in terms of financial remedies since 2019.
It’s evident why the Gensler-led SEC administration appears so determined to pursue legal actions against cryptocurrency firms.