The Securities and Exchange Commission (SEC) has imposed a total of $2.35 billion in penalties on participants in the digital asset market since 2013.
Cornerstone Research by January 19 published on “SEC Cryptocurrency Enforcement: 2021 UpdateAccording to the report ” SEC, 2013-2021 in total between $2.35 billion worth 97 enforcement cases performed. These cases 58 from judicial cases, 39 of them are from administrative cases. formed. The SEC has imposed $2.35 billion in penalties. 1.71 billion dollars remainder of legal proceedings 640 million dollars obtained from administrative cases.
your punishments, 1.81 billion dollars Only from company interlocutors, 490 million dollars if from individual participants has been allocated. SEC’s first fine against a crypto participant July 2013 Even though the report stated that lawsuits filed by the SEC in the field of crypto 2017 It was stated that it did not start until the year. by the SEC 2013-2017 only started between six crypto cases exists.
SEC lawsuits 20‘si 2021 took place in. These cases 14in US Federal Courts from judicial proceedings, 6if the from administrative cases formed. Total in the report 20 enforcement cases 70%get down from the initial public offering (ICO) reported to occur. In addition, the enforcement cases filed in 2021 65%ini fraud allegations, 80%ini allegations of unregistered securities offering infringement creating cases 55%if in both claims also took place.
SEC, 2022 in the year the first penalty a while ago a to the blockchain platform applied.