So far, the SEC has taken 97 crypto enforcement measures-crypto a top priority for the chairman Gensler-Regulation

So far, the SEC has taken 97 crypto enforcement measures-crypto a top priority for the chairman Gensler-Regulation

The US Securities and Exchange Commission (SEC) has so far initiated 97 enforcement measures for cryptocurrencies. In addition, the securities supervisory authority has imposed fines of around $ 2.35 billion against market participants for digital assets.

97 crypto enforcement measures

Cornerstone Research published A with the title "Sec Cryptocurrency Enforcement: 2021 Update" last week. The report analyzes the enforcement activities of the SEC from July 2013 to December 2021, the company in detail and explains:

Since the first lawsuit in July 2013, the SEC has raised a total of 97 enforcement lawsuits by December 31, 2021.

According to the report, 58 enforcement measures were cryptocurrency -related legal disputes and 39 administrative procedures. In addition, about half of the 58 legal disputes occurred in the state of New York. 31 legal disputes had been settled by January 3.

In addition, the securities supervision brought 10 defaulting submission orders, 20 trade interface orders and a number of lectures and follow -up management procedures.

The report also explains: "By the end of 2021, the SEC fines of around $ 2.35 billion imposed on market participants for digital assets."

The new SEC chairman, Gary Gensler, was sworn in on April 17, 2021. The report states:

The enforcement activity of the SEC continues to focus on measures in connection with cryptocurrencies.

Gensler has made cryptocurrency one of the top priorities of the seconds. Last week he emphasized that crypto trading platforms must be regulated to ensure investor protection. In December last year, the chairman A crypto consultant to his leaders.

The north American Securities Administrators Association (NASAA) and state supervisory authorities This month that "investments in connection with cryptocurrencies and digital assets represent our greatest threat to investors ... by far".

What do you think about the number of crypto enforcement measures that the Sec has taken? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.


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