Golden Finance reported that according to data from Cornerstone Research, as of the end of 2023, the SEC’s total fines against crypto-related companies and individuals were US$2.89 billion, reaching US$281 million last year alone. Since first taking action against the industry in July 2013, the SEC has taken a total of 173 crypto-related enforcement actions by the end of 2023. Last year, the SEC initiated a total of 46 encryption-related enforcement actions, a 53% increase from 2022.