SEC Receives $7.4 Billion from Fines on Crypto Industry

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A recent study by digital assets analytics firm Social Capital Markets revealed that since 2013, the crypto industry has been fined a total of $7.4 billion.

In 2024 alone, Terraform Labs agreed to pay $4.47 billion in fines, surpassing all previous years’ fine totals.

The report also noted a decrease in the total number of fines issued, dropping from 30 to 11 in 2023. This shift toward fewer, higher-impact cases highlights the increasing importance of regulatory compliance for crypto firms, as the financial risks associated with violations have risen.

According to the study’s calculations, the SEC has issued a total of 148 fines, 63 of which were against firms and individuals within the crypto industry. The $7.4 billion figure includes fines for both firms and individuals.