SEC Cryptocurrency Enforcement
2023 Update
SEC Cryptocurrency Enforcement
The SEC continued to view cryptocurrency-related enforcement as a top priority, bringing 46 enforcement actions against various digital-asset market participants in 2023. This number is the highest since 2013 and a 53% increase from 2022.
June 2023 Update
SEC Cryptocurrency Enforcement
In the first months of 2023, the U.S. Securities and Exchange Commission (SEC) has notably ramped up its cryptocurrency-related enforcement. As of June 6, the SEC has brought 24 cryptocurrency enforcement actions between litigations and administrative proceedings. The number of cryptocurrency enforcement actions brought by the SEC in 2023 is advancing at a record pace.
2022 Update
SEC Cryptocurrency Enforcement
In 2022, the SEC administration under Chair Gary Gensler brought a total of 30 cryptocurrency-related enforcement actions, up 50% from 2021. As of year-end 2022, monetary penalties against digital-asset market participants totaled approximately $2.61 billion, of which $242 million were settlements reached in 2022.
2021 Update
SEC Cryptocurrency Enforcement
In its first year, the new SEC administration brought a total of 20 litigations and administrative proceedings related to cryptocurrency. As of year-end 2021, the SEC had imposed approximately $2.35 billion in total monetary penalties against digital asset market participants.
Q3 2021 Update
SEC Cryptocurrency Enforcement
Under the Biden administration, the SEC continued to be active in policing the cryptocurrency space with 19 enforcement actions related to cryptocurrency brought in the first nine months of 2021.
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