Highlights

Between July 2013 and December 2020, the SEC brought a total of 75 enforcement actions and issued 19 trading suspensions against participants in digital asset markets.

Forty-three of the actions were litigated in U.S. courts, and 32 were resolved as administrative actions within the SEC.

About half of the 43 actions litigated in U.S. courts occurred in the state of New York.

In 34 of the 43 litigations brought so far, the defendants were a mix of individuals and firms. In the remaining nine litigations, the defendants were individuals only (seven) or firms only (two). 

More than half of the litigations initiated in the report period (25) were resolved as of March 5, 2021 for more than $1.77 billion in total monetary penalties.

report released by Cornerstone Research earlier this week shows the SEC “has established itself as one of the main regulators engaged in the cryptocurrency space.” The agency brought a total of…

Read more…