United States Securities and Change Fee (SEC) Chair Gary Gensler’s speech on the 2023 Securities Enforcement Discussion board make clear the regulatory physique’s enforcement actions amounting to $5 billion in judgments and orders. Nevertheless, Gensler’s dig on the cryptocurrency market turned a speaking level for the crypto group on social media when he mentioned: “Don’t get me began on crypto. I gained’t even identify all of the people we’ve charged on this extremely noncompliant subject.”
Whereas speaking in regards to the financial perspective of the SEC’s enforcement motion, Gensler famous that the company filed greater than 780 enforcement actions in 2023, together with over 500 standalone circumstances. The enforcement actions led to judgments and orders totaling $5 billion, of which $930 million was distributed to harmed buyers.
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