Under Gensler, the SEC's Crypto Enforcement Actions Jumped 50%
The US Securities and Exchange Commission (SEC) enforcement actions hit record highs in 2022. Under the chairmanship of Gary Gensler, these have more than doubled
According to the data from consulting firm Cornerstone, the number of SEC lawsuits against crypto companies topped at 46 last year. A year earlier, the figure stood at 30
As per the report, the most common allegations remained fraud and offering unregistered securities. They accounted for 57% and 61% of all enforcement actions, respectively. Another 37% cases involved both.
Additionally, 37 out of the 46 cases were also tied to initial coin offerings (ICOs). In 2022, the SEC also filed its first two lawsuits against non-fungible token (NFT) projects.
