SEC Secures $4.7 Billion From Crypto Enforcement This Year, A 3,018% Surge Driven By Terraform Labs Settlement
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 10 2024SEC Enforcement Actions Surge: The SEC has achieved $4.7 billion in crypto-related enforcement actions in 2024, a 3,018% increase from the previous year, largely due to a record settlement with Terraform Labs and its CEO, Do Kwon.
Shift in Enforcement Strategy: Despite the significant increase in total fines, the SEC initiated only 11 enforcement actions this year, indicating a strategic shift towards fewer but larger fines aimed at setting industry precedents.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
