The U.S. SEC admits that certain cryptocurrency enforcement cases have not benefited investors in any way.

MeNews · 2026-04-08T06:00:18+00:00

The U.S. Securities and Exchange Commission (SEC) stated that past cryptocurrency enforcement actions lacked clear investor benefits and misinterpreted federal securities laws. Since fiscal year 2022, the SEC has filed 95 related cases but has not found direct harm to investors. Since Atkins took office as chairman, the SEC has shifted from a focus on quantity to quality, prioritizing cases that cause the greatest harm to investors.

MeNews

2026-04-08 06:00:18

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ME News update, April 8 (UTC+8). On Tuesday, the U.S. Securities and Exchange Commission said that some of its past enforcement actions against crypto companies lacked clear investor interest and misunderstood federal securities laws. Since the 2022 fiscal year, the SEC has brought 95 actions related to “books and records violations,” with total fines reaching $2.3 billion. The SEC noted that these cases, together with 7 cases related to crypto company registration and 6 cases related to the definition of “dealers,” found no direct harm to investors as a result, and produced no investor interest or protection. The SEC acknowledged that this reflects an issue of “favoring the number of cases rather than investor protection,” stemming from misallocation of resources and misunderstanding of federal securities laws. Since April 2025, when Paul Atkins became SEC Chair, the agency has shifted from pursuing quantity to prioritizing quality, focusing on cases that cause the greatest harm, such as fraud, market manipulation, and abuse of trust. According to a Cornerstone Research report, the number of enforcement actions against public companies during Atkins’ tenure fell by about 30% compared with the 2024 fiscal year. (Source: PANews)

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