SEC: Some cryptocurrency enforcement cases have not benefited investors in any way

Golden Finance reports that on April 8, the U.S. Securities and Exchange Commission (SEC) said on Tuesday that some past enforcement actions targeting cryptocurrency companies lacked clear investor interests and misinterpreted federal securities laws.
In a statement on its 2025 enforcement results, the SEC said that since fiscal year 2022, the agency has filed 95 lawsuits over “book record violations,” and imposed $2.3 billion in penalties.
“Along with seven cases related to the registration of cryptocurrency companies and six cases involving the ‘dealer definition,’ none of which found that these violations caused direct harm to investors, and neither produced any investor interest or protection.” The SEC said this also reflects that “case counts are skewed toward issues of investor protection,” improper allocation of resources, and a misinterpretation of federal securities laws.

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