Shyft Network
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Shyft Network

SEC undertakes “Significant Enforcement Actions” in the Crypto Space

  • The SEC filed 760 total enforcement actions & recovered a record $6.4 billion in 2022 across all sectors, including cryptocurrency.
  • In its report, the agency listed actions against crypto lender BlockFi, insider trading charges against Coinbase employees, fraudulent Ponzi scheme Forsage, & NVIDIA Corporation for inadequate disclosures.
  • This year, the commission also almost doubled its “Crypto Assets and Cyber Unit” staff, a decision in line with the agency’s plan to reign in the crypto sector.
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