Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) stated that some enforcement actions against crypto companies have not directly protected investors and involve misunderstandings of federal securities laws.
The SEC disclosed that since fiscal year 2022, it has initiated 95 related enforcement actions, resulting in approximately $2.3 billion in penalties, some of which found no actual harm to investors and provided no clear protection or benefit. Regulators noted that such enforcement actions reflect, to some extent, a tendency to prioritize quantity over quality and misallocation of resources.
Under the leadership of current Chair Paul Atkins, the SEC has shifted its enforcement focus from pursuing case volume to targeting behaviors that significantly impact investors, such as fraud and market manipulation. Data shows that enforcement actions against public companies—including those in the crypto space—decreased by approximately 30% in fiscal year 2025 compared to the previous year. (Cointelegraph)