American SEC encryption law enforcement report: Which companies have been fined the most from 13 to 24 years

Source: Social Capital Markets; Compilation: Tao Zhu, Bitchain Vision Realm

In recent years, the US Securities and Exchange Commission (SEC) has increased its supervision of the cryptocurrency industry to ensure transparency, protect investors and implement legal compliance.

These fines highlight the importance of complying with regulations under the continuous development of digital assets.

This report analyzes the fines of the United States SEC from 2013 to 2024, and focus on major cases, fines and violations of major cases.

It deeply understands the changing regulatory environment and its impact on the cryptocurrency industry.

Critical views and statistics

Total fines:Since 2013, SEC has fined cryptocurrency companies and individuals exceeding 7.42 billion US dollars, of which 63% of the fines (that is, US $ 4.68 billion) occurred in 2024Essence
The amount of fine increased from $ 1502.6 billion (2023) to $ 4.68 billion (2024),Increased by 3018%Essence
“Company + Personal” fines accounted for 5.08 billion US dollars in 63 law enforcement operationsEssence
In 2019, the Telegram Group Inc. and TON ISSUER Inc. were imposed by a huge fine of 1.24 billion US dollars, which increased the average fine of nearly 2000%, marking that the SEC approach changed significantly.
A new precedent of law enforcement was created at the Terraform Labs fine of 4.68 billion US dollars, indicating that SEC is willing to fires a record of serious violations.
It should be noted that 11 law enforcement operations in 2024 led to an average fine of 426 million US dollars, far exceeding the average fine in previous years.The average fine rose from 3.39 million US dollars (2018) to $ 426 million (2024)This shows that cryptocurrency companies failed to comply with regulatory standards are getting greater and greater.
In 2013, the SEC was fined a total of $ 40.7 million, which was one of the early supervision actions in the cryptocurrency field.

SEC fines year by year (2013 to 2024)

2014-2016: The fines of these years are relatively low, from 53,755 US dollars in 2016 to US $ 9.02 million in 2015.This period reflects the initial stage of SEC’s participation in encryption supervision, mainly to implement smaller violations.
2017: As more and more encrypted companies begin to face regulatory actions, especially during the ICO boom, fines have increased to $ 6.91 million.
2020: By 2020, SEC has been fined 65 million US dollars in the famous Robinhood Financial LLC case, marking more active law enforcement measures in more prominent cases.
2021: The fine reached $ 125 million, and Ripple Labs became a prominent case because SEC classified XRP as unregistered securities.This year, focusing on well -known companies.
2022: The total fine reached US $ 1026.4 million, of which Barksdales frauded ICO and other cases were mostly, reflecting the trend of transformation to the prosecutor’s individual actor.
2023: With SEC accused Coinbase and other important participants, the amount of fines increased significantly, showing the continuous efforts of regulating large cryptocurrency exchanges.
2024: Terraform Labs and Do Kwon were fined a record of $ 4.68 billionEssenceThis year is the most aggressive position of SEC. Obviously, it focuses on the highly anticipated cases and unregistered securities violations.

The amount of fines of the SEC increased sharply, especially in 2024, which is by far the largest single fine.The increase in fines indicate that the SEC is strengthening regulatory review.

In 2021 and 2024, well -known companies such as Ripple, Telegram and TerraForm Labs were accused of unregistered token sales and securities violations.

Since 2022, the fines include companies and individuals such as John Barksdale and Jonatina Barksdale, which shows that the SEC intends to hold the company’s main person in charge.

The biggest fine in history: $ 4.68 billion in heavy fines in 2024

In 2024, it has become a record of a record, with a fine of 4.68 billion US dollars, mainly due to the huge fines of TerraForm Labs PTE, LTD. and its co -founder Do Kwon.

This fine is by far the largest law enforcement operation, far exceeding the previous fines, and has created a new precedent in the supervision and supervision of the cryptocurrency field.

From 2019 to 2024, the SEC’s law enforcement operations have shown a trend of a significant increase in average fines, reflecting the increasing attention to the highly concerned cases and greater punishment for major cryptocurrency companies.

Promoted by major law enforcement operations, the average fine in 2019 increased significantly by 1979.05%compared with 2018.

The average fine in 2018 was 3.39 million US dollars, an increase of an average of US $ 426 million by 2024, an increase of 12,466.37%.

1. Explosive growth in 2019:

In 2019, the average fines jumped sharply to US $ 70.68 million, mainly due to the Telegram Group Inc., which was punished with unregistered digital token sales through its TON blockchain project.Compared with 2018, this number increased by 1979.05%, indicating that the US Securities and Exchange Commission has changed significantly in the method of dealing with regulatory violations of the cryptocurrency field.

2. Decrease in 20120:

Although 23 law enforcement operations were taken in 2020, the average fines fell to $ 5.18 million, a decrease of 92.67%compared with 2019.This settlement shows that although the SEC continues to execute regulations, the fines issued are usually smaller and may be targeted at medium -sized companies or less serious violations.

3. Bounce in 2012:

In 2021, the average fine rebounded to $ 35.2 million, an increase of 579.35%over 2020.This growth is promoted by some highly watched cases, such as US $ 125 million in Ripple Labs.This is the year when SEC has begun to re -pay attention to the main participants in the crypto industry.

4, 20122-2023 ease:

The average fine in 2022 was 14.71 million US dollars, a decrease of 58.21%over the previous year because the SEC balanced law enforcement operations in a large number of small cases.However, major fines also occurred in 2022, such as a fine of US $ 102 million in John Barksdale and Jonatina Barksdale.The agent, the agent, the dealer, and the clearing agency were fined $ 30 million.

5. Unprecedented surge in 2014:

The most significant growth occurred in 2024, and the average fine reached an amazing $ 426 million -set the highest record in history.

This growth is mainly due to a fine of 4.68 billion U.S. dollars in TerraForm Labs PTE, LTD. and Do Kwon, which is the most important law enforcement action in the history of cryptocurrencies.

11 law enforcement operations were released in 2024, which marked the turning point of the SEC law enforcement strategy this year.

Average fine fluctuations: During the average fines from 2019 to 2024, a violent fluctuations reflected alternately between the SEC’s high fine cases and more frequent and smaller violations.

This trend shows that the SEC’s strategy has shifted less but greater fines. The focus is on the far -reaching law enforcement operations and set a precedent for the entire industry.

The most fine -fined encryption company

The following are the highest fines of the SEC on the cryptocurrency industry:

1. Terraform Labs Pte, LTD. and Do Kwon (2024):

The US Securities and Exchange Commission fined TerraForm Labs and its founder Do Kwon of up to $ 4.68 billion because they misled investors and sold unregistered securities.The case marks a major measure that the regulatory authorities have taken a major measure that requires the company to be responsible for violating the securities law, especially considering the collapse of TerraUSD (USS) and its ecosystems caused widespread financial losses.

2. Telegram Group Inc. and Ton Isuer Inc. (2019):

Telegram was found illegally selling unregistered digital tokens in its Ton (Telegram open network) first token issuance (ICO), so it was fined US $ 1.24 billion by the US Securities and Exchange Commission.The US Securities and Exchange Commission intervened, stopped the project, and emphasized the importance of registration and compliance when raising funds through token sales.

3. GTV Media Group Inc., SARACA Media Group Inc. and Voice of Guo Media Inc. (2021):

These entities were fined US $ 5394.3 million for illegally issuing GTV ordinary shares and digital asset securities.The AC action aims to solve the problem of lack of transparency and regulatory compliance in its distribution, and protect investors from fraud and error information.

4. Ripple Labs Inc. (2021):

Ripple Labs faced a fine of $ 125 million for selling XRP as unregistered securities.This case is one of the most striking cases in the field of cryptocurrency, involving whether XRP should be classified as securities based on US law.SEC’s law enforcement operations highlight the broader impact on many other digital assets.

5. John Barksdale and Jonatina Barksdale (2022):

The Barksdale couple was fined $ 1026.4 million for planning fraud ICO. The ICO promised to return to the cryptocurrency trading platform.

The US Securities and Exchange Commission has accused the case in order to protect investors from the infringement of deceit plans, and emphasizes the necessity of stricter supervision of ICO and token sales.

These law enforcement actions are targeted at companies and individuals, reflecting the practice of SEC’s accountability of organizations and their executives.

Among the 63 law enforcement operations, the total fine classified as “company + individual” reached US $ 5.08 billion, highlighting the intention of the agency to punish the company’s structure and related decision makers.

Distribution of fines (2020-2024)

High amount of fines dominate:Most fines are more than $ 1 billion, mainly because of 2024 a record of $ 4.68 billion in TerraForm Labs.This reflects SEC’s attention to major violations.
Mid -range fine ($ 1 million -$ 10 million):A large amount of fines in the category of $ 1 million to $ 10 million, indicating that small companies facing compliance issues are often punished.
Smaller fine:& lt; $ 1 million category indicates that the SEC is reviewing more small projects and emphasizes extensive supervision and supervision.

The chart shows a fine on cryptocurrencies and individuals from 2020 to 2024, and is classified by amount.Main observation results:

in conclusion

The analysis of the fines of cryptocurrency companies from 2013 to 2024 showed a significant increase in regulatory review and punishment.This trend reflects the increasing attention to large companies and serious violations, and the fine has reached its peak in recent years.

Despite the fluctuations, the overall increase in the amount of fines shows that the company is changing towards a less and larger case.

With the continuous upgrading of illegal financial risks, this evolution emphasizes that cryptocurrency companies need to give priority to regulatory compliance.

This emphasizes that with the increase of financial risks, cryptocurrency companies need to comply with regulations.With the future of the US Securities and Exchange Commission to shape the industry, compliance will become the key to ensuring long -term stability.