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Shalini Nagarajan

SEC crypto enforcement drops 60% in 2025 to 13 cases under chair Paul Atkins

The SEC initiated 13 crypto-related enforcement actions in 2025, a 60% decline from 33 in 2024. Five were opened before Gary Gensler's January 2025 departure and eight under Paul Atkins, who took office in April 2025 and centered new actions on alleged fraud. Total penalties reached $142M, with seven cases dismissed.
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