đ[Blockchain News] The U.S. SECâs cryptocurrency enforcement efforts will increase significantly in fiscal year 2024!
đThe U.S. Securities and Exchange Commission (SEC)âs enforcement efforts against the cryptocurrency industry increased significantly in fiscal year 2024. According to the latest report, the total number of SEC fines against cryptocurrency companies and executives has climbed to $4.7 billion, a surge of 3018% from $150.3 million in fiscal year 2023! Among them, the SECâs $4.47 billion settlement with Terraform Labs and its former CEO Do Kwon became the largest single enforcement action in history.
đAlthough the number of enforcement cases decreased in fiscal year 2024, the total fines exceeded the cumulative amount over the past decade. This demonstrates the SECâs strategic shift toward high-impact cases.
đDespite the tightening of market regulations, Bitcoin still shows strong vitality and continues to be favored by investors.