U.S. regulators have stepped up their supervision of cryptocurrency companies in the past two years. According to the latest report from CoinGecko, U.S. regulators have obtained more than $19 billion in lawsuit settlements from cryptocurrency companies so far in 2024, a surge from 2023 78%. (Preliminary summary: Cutting leek is targeted) SEC, FBI and Department of Justice cooperate to prosecute 4 cryptocurrency companies: involving market manipulation and fraud) (Background supplement: Crypto.com confirmed that it has received the SEC Wells Notice: A lawsuit has been filed Fighting back against unfair law enforcement...Gensler fired for the fourth time this year) CoinGecko recently released a report stating that so far in 2024, U.S. regulators have received more than $19 billion in lawsuit settlements from cryptocurrency companies, among which the bankrupt exchange FTX Its affiliated trading company Alameda has the largest amount, agreeing to pay a settlement of US$12.7 billion to the Commodity Futures Trading Commission (CFTC) in August. Settlement amounts surge this year With eight settlements reached in 2024, U.S. regulators have received 78% more than in 2023, when only $10.87 billion was awarded, while settlements have increased 8,327% so far this year compared to 2022. The total settlement amount includes disgorgement, disgorgement, civil penalties, settlement and prejudgment interest, but does not include lawsuits against individual executives. CoinGecko research analyst Lim Yu Qian said that the collapse of Celsius and Terraform Labs in mid-2022 was a key event in the cryptocurrency bull market turning to a bear market, which ultimately led to the collapse of FTX, which in turn prompted a new wave of regulatory scrutiny in the United States. Terraform Labs’ $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) over the 2022 LUNA and UST debacles is the second-largest settlement this year. The third largest settlement in 2024 was bankrupt cryptocurrency lender Genesis, which reached a $2 billion settlement with the New York State Attorney General's Office in August. Genesis filed for Chapter 11 bankruptcy in January 2023 Protect. Amounts of settlements obtained by U.S. regulators from various cryptocurrency companies. Source: CoinGecko has received $31.92 billion in settlements. Since this year is not yet over, there may be more settlements before the end of this year given the tough stance of U.S. regulators, who have withdrawn from 25 crypto companies since 2019. Currency companies charge approximately 319.With a settlement of US$200 million, Lim Yu Qian mentioned that in 2023, the US$4.3 billion settlement reached by Binance with the US Department of Justice, Treasury, CFTC and other agencies is worthy of attention, because Binance is the only settlement with a settlement of US$1 billion. Companies above, but still in operation. Amounts of settlements obtained by U.S. regulatory agencies over the years. CoinGecko related reports: How will Trump impact the cryptocurrency industry if he wins the presidency? These three friendly factions may become SEC chairmen and "bring about mass popularization." Will the SEC turn? The hard-line director of the Department of Enforcement resigned and led more than 100 crypto regulatory actions in 3 years. Is the Ripple spot ETF coming? Analysts asserted: The chance of Bitwise passing review is almost zero, and the SEC appeals again. DongZuDongTren - the most influential blockchain news media).

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