Cointime

Download App
iOS & Android

SEC: A total of nearly US$5 billion in fines will be imposed in fiscal year 2023, focusing on areas such as cryptocurrency

  • Wechat scan to share

US SEC announced its enforcement results for the 2023 fiscal year on its official website. The report shows that the SEC initiated a total of 784 enforcement actions, an increase of 3% from 2022. The enforcement actions resulted in fines totaling $4.949 billion, second only to the $6.4 billion in 2022, making it the second-highest in history. The SEC stated that "the 2023 fiscal year was a productive year for enforcement work." The cases it focused on investigating involved cryptocurrency, cybersecurity, false statements by listed companies, and market manipulation, among other areas.

Comments

All Comments

Recommended for you

  • BTC breaks through $104,000

    the market showed that BTC broke through $104,000, now reporting $104,000.01, with a 24-hour increase of 4.76%. The market is volatile, please manage risks.
  • BTC breaks through $103,000

    the market shows BTC has broken through $103,000, now trading at $103,000.02, with a 24-hour increase of 5.37%. The market is volatile, please manage your risks.
  • Spot gold fell by $7 in the short term and is now trading at $3,355 per ounce

    spot gold fell $7 in the short term, now at $3355 per ounce.
  • BTC breaks through $98,500

    market showed that BTC broke through $98,500 and is now trading at $98,513.87, with a 24-hour increase of 1.67%. The market is volatile, so please be prepared for risk control.
  • BTC falls below $97,000

    the market shows BTC has fallen below $97,000, now trading at $96,986.27, with a 24-hour increase of 2.93%. The market is volatile, please manage risks properly.
  • Spot gold continues to fall

    spot gold continues to decline, with the decline expanding to 2%, at $3315.49 per ounce.
  • BTC breaks through $93,500

    the market shows BTC has broken through $93,500, now trading at $93,506.58, with a 24-hour increase of 6.12%. The market is fluctuating greatly, please manage your risks.
  • Bitcoin's market share once rose to 64.67%, but now fell back to 64.30%

    On April 23rd, data, the Bitcoin dominance (BTC.D) briefly rose to 64.67% this morning, reaching a new high since February 2021, and is currently back at 64.30%. The high Bitcoin dominance indicates the quietness of the altcoin market, but it may also suggest that a bottom reversal is imminent. Based on historical data, when Bitcoin dominance surged above 60% in November last year, altcoins started a small bull market. In 2019 and 2021, Bitcoin dominance reached highs above 70%, followed by a broad and spectacular uptrend.
  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.
  • The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.