Amid rampant speculation about its possible approval of a Bitcoin spot ETF, the Securities and Exchange Commission (SEC) today issued itself a report card of sorts, declaring that it had a “highly productive and impactful year” when it came to enforcement actions related to cryptocurrency and digital assets.

“Investor protection and enhancing public trust in our markets requires that we work with a sense of urgency, using all the tools in our toolkit,” said SEC enforcement division director Gurbir S. Grewal in the report. “Whether it was by leveraging risk-based initiatives, seeking robust remedies, rewarding cooperation, protecting whistleblowers, or returning nearly a billion dollars to harmed investors, the Enforcement Division stood up for the investing public.”

In total, the SEC brought more than two dozen enforcement actions related to crypto assets and digital asset securities in 2023. This represented a significant increase from prior years and demonstrated the SEC’s heightened focus on policing the crypto industry.

SEC Chair Gary Gensler characterized the agency as “a cop on the beat… following the facts and the law wherever they lead to hold wrongdoers accountable.”

The SEC filed charges against several major crypto companies and executives for alleged fraud and failure to register crypto asset offerings and exchanges. Th

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Author: Decrypt AI, Edited by Ryan Ozawa

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