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SEC Slows Down: Gensler Admin’s Final Year Sees Crypto Enforcement Drop 30%
SEC Slows Down: Gensler Admin’s Final Year Sees Crypto Enforcement Drop 30%
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A recent study by Cornerstone Research indicates that in 2024, the US Securities and Exchange Commission (SEC) witnessed a notable decrease in enforcement actions related to crypto. The number of cases dropped by 30% in Gary Gensler’s final year as SEC chairman, from 47 in 2023 to just 33 in the previous year. Despite this reduction, the monetary fines ROSE to an all-time high of nearly $5 billion, largely due to a single multi-billion dollar settlement. This marks a significant shift from previous years under Gensler's leadership, where fines were more distributed across multiple cases.
