SEC: Some crypto enforcement cases have not resulted in investor protection outcomes

SmartContractAuditor · 2026-04-08T03:29:26+00:00

The U.S. SEC states that some enforcement actions against crypto companies do not directly protect investors and are subject to misunderstandings. Since the start of fiscal year 2022, the agency has initiated 95 enforcement actions, but many cases have not identified actual damages. Current Chair Paul Atkins emphasizes shifting enforcement focus toward more impactful fraud activities, expecting a 30% reduction in enforcement actions in fiscal year 2025.

SmartContractAuditor

2026-04-08 03:29:26

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Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) said that some enforcement cases targeting crypto companies have not produced direct protective effects for investors, and that there are misunderstandings regarding how to interpret federal securities laws.

The SEC disclosed that since fiscal year 2022, it has initiated 95 related enforcement actions, involving about $2.3 billion in fines. In some cases, it found no actual investor harm and no obvious protection or benefit. The regulator noted that such enforcement, to a certain extent, reflects a tendency of “prioritizing quantity over quality,” along with improper allocation of resources.

Under the leadership of the current Chair, Paul Atkins, the SEC said it has adjusted its enforcement focus—shifting from pursuing the number of cases to concentrating on conduct that has a greater impact on investors, such as fraud and market manipulation. Data show that in fiscal year 2025, the number of enforcement actions against public companies (including in the crypto space) fell by about 30% compared with the prior year. (Cointelegraph)

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