The Securities and Exchange Commission has issued a total of approximately $2.35 billion in penalties against participants in the digital asset marketplace since 2013 according to a Jan 19 report by Cornerstone Research., SEC Cryptocurrency Enforcement: 2021 Update, found that the SEC brought a total of 97 enforcement actions worth $2.35 billion between 2013 and the end of 2021.
Fifty eight of the total of 97 were actions litigations and the remaining 39 were administrative proceedings. Of the total $2.35 billion raised by the litigations, $1.71 billion was charged in litigation and $640 million in administrative proceedings.The majority of those charged were “firm respondents only,” racking up $1.86 billion of the total $2.35 billion. Meanwhile, individual respondents were charged the remaining $490 million.
points out that SEC-initiated litigation in the crypto space didn’t begin to pick up until 2017. Between 2013 and 2017, there was only a total of six SEC-initiated crypto cases. The agency launched 20 of the total 97 actions in 2021 – 14 litigation actions in U.S. federal courts and six administrative proceedings. Of the 20 total enforcement actions, 70% were related to initial coin offerings . The report states:
“Of the 20 enforcement actions brought in 2021, 65% alleged fraud, 80% alleged an unregistered securities offering violation, and 55% alleged both.”
Over 115 BNB in 2 minutes. Someone knows something. BUY now or cry later. SCROOGECOIN scrooge_coin CASINOCOIN TOPCRYPTO PASSIVEINCOME CEO:JesusDailyWords
SenseiShibStaking senseishibtoken $SENSEI | Vested Private Sale 🔥 | Director Doxxed | Live Video AMAs | SenseiSwap Live | Next 100x Gem 💎 🇬🇧 UK TEAM 🇬🇧 🏅 KYC VERIFIED 🏅 🕵️♂️ CONTRACT AUDITED🕵️ 📈 TRADING VOLUME - 2MILLION CMC + CG WAS LISTED WITHIN 12HRS OF LAUNCH 🚀
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: CBSNews - 🏆 87. / 68 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: VanityFair - 🏆 391. / 55 Read more »
Source: SheKnows - 🏆 558. / 51 Read more »
Source: PreventionMag - 🏆 141. / 63 Read more »