The Securities and Exchange Commission announced that penalties, as well as remedies to investors affected by criminal or civil wrongdoing, reached a total of $6.4 billion during the last federal fiscal year. Today’s annual wrap-up of enforcement statistics from the last federal fiscal year does not include a breakdown of how many were crypto-related, but the agency does tout several enforcement actions or settlements from the period running between Oct. 1, 2021 and Sept. 30, 2022.
- A $100 million fine for BlockFi.
- Insider trading charges against a Coinbase product manager.
- A $5.5 million settlement with NVIDIA over what the SEC says was a lack of adequate disclosure over how crypto mining affected the company’s business, though NVIDIA did not admit to or deny the commission’s findings.
- Charges against 11 individuals in an alleged $300 million crypto Ponzi scheme.
The SEC also touted the fact that it is doubling the size of its crypto unit, adding 20 new positions to a team focused on the digital asset industry.
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