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SEC Crypto Enforcement: How $4.68 Billion in Fines Changed the Crypto Game

By Robert Stukes    On 12 Dec, 2025    Comments (0)

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The SEC fined crypto firms $4.68 billion in 2024, mostly from one case against Terraform Labs. After a leadership change, enforcement shifted from registration rules to targeting fraud. The dismissal of the Coinbase case marked a turning point for crypto regulation.

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