During the Trump administration, the U.S. Securities and Exchange Commission (SEC) maintained a consistent level of enforcement actions, even as it reduced its focus on cryptocurrency-related cases. In fiscal year 2020, the SEC initiated 715 enforcement actions, including 405 standalone cases, and secured a record $4.68 billion in disgorgement and penalties. ([corpgov.law.harvard.edu](https://corpgov.law.harvard.edu/2020/11/19/sec-division-of-enforcement-2020-annual-report/?utm_source=openai))
This enforcement activity occurred despite a notable decrease in cryptocurrency-related actions. From 2013 to 2020, the SEC brought 75 enforcement actions against crypto firms and individuals, resulting in $1.77 billion in penalties. However, in 2024, the SEC initiated only 33 cryptocurrency-related enforcement actions, marking a 30% decline from the previous year. ([cornerstone.com](https://www.cornerstone.com/insights/press-releases/sec-enforcement-of-cryptocurrency-dropped-30-in-the-last-year-of-the-gensler-administration/?utm_source=openai))
The SEC’s consistent enforcement efforts during this period underscore its commitment to addressing securities fraud across various sectors, even as its focus on cryptocurrency enforcement fluctuated.
During the Trump administration, the U.S. Securities and Exchange Commission (SEC) maintained a consistent level of enforcement actions, even as it reduced its focus on cryptocurrency-related cases. In fiscal year 2020, the SEC initiated 715 enforcement actions, including 405 standalone cases, and secured a record $4.68 billion in disgorgement and penalties. ([corpgov.law.harvard.edu](https://corpgov.law.harvard.edu/2020/11/19/sec-division-of-enforcement-2020-annual-report/?utm_source=openai))
This enforcement activity occurred despite a notable decrease in cryptocurrency-related actions. From 2013 to 2020, the SEC brought 75 enforcement actions against crypto firms and individuals, resulting in $1.77 billion in penalties. However, in 2024, the SEC initiated only 33 cryptocurrency-related enforcement actions, marking a 30% decline from the previous year. ([cornerstone.com](https://www.cornerstone.com/insights/press-releases/sec-enforcement-of-cryptocurrency-dropped-30-in-the-last-year-of-the-gensler-administration/?utm_source=openai))
The SEC’s consistent enforcement efforts during this period underscore its commitment to addressing securities fraud across various sectors, even as its focus on cryptocurrency enforcement fluctuated.