One of the most significant cases revolved around Terraform Labs. Its founder, Do Kwon, faced accusations of orchestrating one of the largest securities frauds in US history. Following a jury trial in Manhattan, Terraform Labs settled with the SEC for $4.5 billion.

SEC Lawsuits and Regulatory Crackdown on Crypto in 2024

✨ The SEC imposed $8.2 billion in fines on crypto firms in 2024, targeting fraud and securities law violations.

✨ Major cases like Terraform Labs and Touzi Capital drove record penalties and highlighted regulatory enforcement.

✨ Crypto firms like Crypto (dot) com and Binance pushed back, challenging the SEC's approach to crypto asset regulations.

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