US SEC to levy $4.68 billion in cryptocurrency fines through 2024

Odaily News The U.S. Securities and Exchange Commission (SEC) levied $4.68 billion in cryptocurrency fines in 2024, an increase of 3,018% from the previous year. Fines include various financial penalties, such as forfeiture, disgorgement of ill-gotten gains, civil penalties, settlements, and pre-judgment interest. According to statistics, the SEC took 11 enforcement actions in 2024, compared to 30 in 2023. Judging from the trend of previous years, the average fine in 2018 was $3.39 million, which rose to an average of $426 million in 2024, an increase of 12,466.37%. (BeInCrypto)