The U.S. Securities and Exchange Commission has settled 70% of its crypto enforcement actions for more than $1.77 billion in penalties, according to a report published by Cornerstone Research yesterday.
“In the last seven years or so, the SEC has established itself as one of the main regulators policing the cryptocurrency space,” said the report’s author Simona Mola.
She pointed out that between July 1, 2013, and December 31, 2020, the SEC initiated 75 enforcement actions as well as numerous subpoenas and follow-on administrative orders that involved cryptocurrencies and entities related to them.
These entities included cryptocurrency issuers, brokers, exchanges, and other service providers. Among the most frequent allegations were fraud (52%) and unregistered securities offerings (69%). Meanwhile, 37% (28 actions) involved both at the same time.
Unsurprisingly, the summer of 2017—when the initial coin offerings (ICO) boom was at its peak—was the “hottest” period in the
Źródło: https://decrypt.co/70626/sec-crypto-crackdowns-top-1-7-billion-in-penalties-report
