🚀 Good news for crypto enthusiasts! The latest SEC (U.S. Securities and Exchange Commission) report shows an increase in crypto industry enforcement actions in fiscal 2023. Here are the key points:
- Enforcement actions increased 3% to 784 cases (from 760 cases in fiscal 2022)
- Nearly $1 billion distributed to harmed investors
- Violations involved big names in the crypto industry, such as FTX, Terraform Labs, Hex, PulseChain, PulseX, Kraken, Celsius, and Nexo
- Several cases involved celebrities who failed to disclose payments for promoting crypto assets, such as Ne-Yo, Lindsay Lohan, Jake Paul, Akon, and Soulja Boy
Let's discuss! Do you agree with the SEC's actions against the crypto industry? Or do you have other opinions? Come on, share them in the comments! 😄