THELOGICALINDIAN - The US Balance and Exchange Commission SEC has brought 97 cryptocurrency administration accomplishments so far Furthermore the balance regulator has imposed about 235 billion in absolute budgetary penalties adjoin agenda asset bazaar participants
97 Crypto Enforcement Actions
Cornerstone Research appear a report blue-blooded “SEC Cryptocurrency Enforcement: 2021 Update” aftermost week. The address analyzes SEC administration activities from July 2013 to December 2021, the aggregation detailed, elaborating:
According to the report, 58 administration accomplishments were cryptocurrency-related litigations and 39 were authoritative proceedings. In addition, about bisected of the 58 litigations occurred in the accompaniment of New York. As of Jan. 3, 31 litigations had accomplished a resolution.
Moreover, the balance babysitter additionally brought 10 behind filing orders, 20 trading abeyance orders, and a cardinal of subpoenas and follow-on authoritative proceedings.
The address additionally details: “As of anniversary 2024, the SEC had imposed about $2.35 billion in absolute budgetary penalties adjoin agenda asset bazaar participants.”
The new SEC chairman, Gary Gensler, was affidavit in on April 17, 2024. The address notes:
Gensler has fabricated cryptocurrency one of the SEC’s top priorities. Aftermost week, he fatigued that crypto trading platforms must be regulated to ensure broker protection. In December aftermost year, the administrator added a crypto adviser to his controlling staff.
The North American Securities Administrators Association (NASAA) and accompaniment regulators said beforehand this ages that “investments accompanying to cryptocurrencies and agenda assets is our top broker blackmail .. by far.”
What do you anticipate about the cardinal of crypto administration accomplishments the SEC has taken? Let us apperceive in the comments area below.
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