SEC: Some Crypto Enforcement Cases Have Not Provided Investor Protection

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) stated that some enforcement actions against crypto companies have not directly resulted in investor protection and have revealed misunderstandings of federal securities laws. The SEC disclosed that since fiscal year 2022, it has initiated 95 related enforcement actions involving approximately $2.3 billion in fines, with some cases showing no actual investor harm nor delivering clear protection or benefits. The regulatory agency pointed out that such enforcement reflects, to some extent, a tendency to prioritize quantity over quality and improper resource allocation. Under the leadership of current Chairman Paul Atkins, the SEC stated it has adjusted its enforcement approach, shifting focus from the number of cases to targeting behaviors like fraud and market manipulation that have a greater impact on investors. Data shows that enforcement actions against publicly listed companies (including those in the crypto sector) in fiscal year 2025 decreased by about 30% compared to the previous year. (Cointelegraph)