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<ul class="wp-block-list news-points">
 <li>The US SEC has witnessed a surge of 3,018% in fines levied on crypto firms since 2023.</li>
 <li>The agency levied enforcement actions worth $4.7 billion in 2024.</li>
 <li>The SEC took a total 11 enforcement actions in 2024, including one against Terraform Labs.</li>
</ul>
The U.S. Securities and Exchange Commission (SEC) has ramped up its enforcement efforts against crypto firms in 2024, collecting $4.7 billion in fines—a massive 3,018% increase from the previous year.
This year’s <a href="https://socialcapitalmarkets.net/crypto-trading/crypto-sec-fines-penalties/" target="_blank" rel="noopener noreferrer nofollow">hefty total</a> was largely driven by the landmark settlement with Terraform Labs, the company behind the Terra ecosystem collapse and the UST stablecoin de-pegging. As part of the settlement, Terraform was ordered to pay a hefty $4.47 billion fine.
The report stated that since 2013, the SEC has levied a total of $7.42 billion in fines, with 63%, or $4.7 billion, coming in 2024 alone. The 11 enforcement actions taken this year resulted in an average fine of $426 million, dwarfing previous years’ averages.
<a href="https://coinedition.com/secs-regulatory-policies-destroy-crypto-industry-claims-mark-cuban/" rel="noopener noreferrer nofollow">Read also: SEC’s Regulatory Policies Destroy Crypto Industry, Claims Mark Cuban</a>
<h2 class="wp-block-heading" id="h-sec-s-shift-toward-high-impact-enforcement">SEC’s Shift Toward High-Impact Enforcement</h2>
It is important to note that the average fine fluctuated between 2019 and …
The post <a href="https://coinedition.com/sec-took-4-7b-in-enforcement-actions-this-year/" rel="noopener noreferrer nofollow">SEC Crypto Crackdown: $4.7 Billion in Enforcement Actions This Year</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC Crypto Crackdown: $4.7 Billion in Enforcement Actions This Year

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