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28 July 2021

This Crypto Project Accounts for Half of All US Regulator Penalties Since 2009 - Decrypt

This Crypto Project Accounts for Half of All US Regulator Penalties Since 2009 - Decrypt


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agencies have pursued some crypto projects under existing regulatory frameworks, nearly half of the $2.5 billion generated by enforcement actions so far have come from just one failed project: Telegram’s TON blockchain.

Consulting firm Cornerstone Research last monthreleaseda report that documented the SEC’s $1.7 billion in crypto enforcement actions.

But Elliptic’s tally of $2.5 billion takes into account penalties from other U.S

The Commodity Futures Trading Commission (CFTC), for example, has hit firms with sizable penalties too, raking in $624 million from crypto projects in enforcement actions

Most of the penalties relate to unregistered securities offerings ($1.38 billion), fraud ($928 million) and anti-money laundering violations ($183 million), Elliptic said. 

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