SEC files record number of lawsuits against crypto companies in 2023
Compared to last year, the figure is up by 53%
25.01.2024 - 09:38
276
1 min
0
What’s new? In 2023, the US Securities and Exchange Commission (SEC) used enforcement actions against cryptocurrency companies 46 times — a 53% increase from last year. The figure was an all-time record, Cornerstone Research analysts reported. In total, the regulator has brought 173 proceedings related to firms in the digital asset sector since 2013.
What else is known? The most frequently cited lawsuits involve an unregistered offering of securities and/or fraud in its offering. Such allegations are contained in 28 and 26 filings, respectively.
Eight cases cite failure to disclose in the offering of securities, and another eight cite failure to register as a broker and/or exchange. Four proceedings relate to market manipulation.
Many lawsuits contain more than one allegation. For example, last June, the SEC filed lawsuits against Binance and Coinbase for failing to register as exchanges and offering unregistered securities.
“Relative to 2022, the number of litigations slightly increased, while the number of administrative proceedings more than tripled,” the report said.
Last September, the SEC said it was preparing more investigations into crypto exchanges and DeFi protocols. Later, Republican Congressman Tom Emmer suggested limiting the SEC’s budget for suing crypto companies.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$91 129
BTC
+0.43%
-
Ethereum
$3 090.57
ETH
-0.86%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.14
XRP
+9.09%
-
Dogecoin
$0.36771
DOGE
+1.87%
-
Cardano
$0.755397
ADA
+5.8%
-
Bitcoin Cash
$445.19
BCH
+0.82%
-
Polkadot
$5.82
DOT
+4.64%
-
Stellar XLM
$0.245501
XLM
+26.87%
-
Litecoin
$91.01
LTC
+3.05%