SEC Emerges as Main Regulator of Cryptocurrency

A report released by Cornerstone Research earlier this week shows the SEC “has established itself as one of the main regulators engaged in the cryptocurrency space.” The agency brought a total of 75 enforcement actions, ordered 19 trading suspensions, and issued numerous statements (both alone and joint with other regulators) and investor alerts on the subject between July 2013 and December 2020. The report’s author, Simona Mola, noted, “As of early March this year, the SEC has settled 70% of the enforcement actions for more than $1.77 billion in total monetary penalties.”