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International Business Times

World

Mark Moore

SEC Fined Crypto Firms $4.68 Billion In 2024: Study

SEC Crypto the US Securities and Exchange Commission

A poster with the Bitcoin logo on display at the Thailand Crypto Expo on May 14, 2022 in Bangkok. The U.S. Securities and Exchange Commission has levied more than $7.42 billion in fines against the crypto industry between 2013 and 2024, according to an analysis. (Credit: Lauren DeCicca/Getty Images)

The U.S. Securities and Exchange Commission in a crackdown on the cryptocurrency industry levied more than $7.42 billion in fines against crypto firms and individuals from 2013 to 2024, according to a study.

The federal regulatory agency issued $4.68 billion in fines in 2024 alone, marking a stunning 3,018% change from last year when about $150 million in fines were levied, according to an analysis by Social Capital Markets.

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