The SEC Opened 30 Cases Against Crypto Industry in 2022
Main page News, US, Cryptocurrency
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19 January

According to a report conducted by Cornerstone Research, the US Securities and Exchange Commission (SEC) opened 30 cases related to cryptocurrencies last year, 50% more than during the previous year.

According to the company's experts, this accounts for almost a quarter of the regulator's total number of legal actions during the year (127 cases).

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Cornerstone Research experts have highlighted most of the charges brought against representatives of the digital assets sector are related to alleged fraud (70% of cases) and offering of unregistered securities (73%).

The cumulative fines resulting from these actions at the end of the year amounted to approximately $2.61 billion.

Of the 30 cases opened by the regulator, 14 were related to ICOs, eight of them involving projects accused of fraud.

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