The SEC intensified enforcement actions on cryptocurrencies in 2023, imposing penalties totaling $281 million. With 46 actions led by Chairman Gary Gensler, it marked the highest since 2013. The focus included fraud charges, unregistered securities, NFTs, and anticipation of more actions against exchanges in the future.
SanyaImpact Theory will refund buyers, and pay more than US$60 million in fines.
ClementRipple finally caught a much-needed breather with the victory after being on the defending side and has been throwing shade at SEC since. SEC has been branded as a “bully”, accused of “creating a mess”, and concerns have been raised about safeguarding retail investors in the crypto space.
CatherineBinance.US has added George Canellos, a former co-director of the SEC’s enforcement division, to its legal defense team to help defend it from charges brought against it by the regulator.
TheBlockNews of the U.S. Securities and Exchange Commission’s action against Coinbase, spread like wildfire through the crypto community.
decryptNew York-based crypto company Paxos Trust Company is in "constructive talks" with the U.S. SEC following enforcement actions surrounding stablecoin Binance USD (BUSD).
dailyhodl
Coinlive CZ showed commendable dedication to the Binance community, staying up late into the night and posting updates on Twitter.
NulltxMagic Eden, a marketplace for Solana-based NFTs, launched MetaShield.
Bitcoinist“We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space,” said Gary Gensler.
Cointelegraph