Since 2009, US regulators have charged $ 2.5 billion from cryptocurrency firms, according to analyst firm Elliptic. We are talking about refunds to investors and imposed fines.
The leader in the collection of funds was the US Securities and Exchange Commission (SEC) – the agency imposed fines and penalties for $ 1.6 billion.At the same time, the most common crime among the crimes is the unregistered sale of securities – for these offenses, $ 1.38 billion was collected.
The lion’s share of this amount fell on the Telegram ICO, which was recognized as an unregistered sale of securities. The company was ordered to return the invested $ 1.22 billion to American investors, and also a fine of $ 18.5 million was imposed.
The first large fine was issued by the SEC to Bitcoin Savings and Trust in 2014. The firm turned out to be a cryptocurrency pyramid and the organizers were fined $ 40 million. Elliptic co-founder Tom Robinson emphasized:
“These fines and penalties show that the cryptocurrency industry is nowhere near as unregulated as it is believed to be. Already existing regulations and laws are successfully applied to regulate the industry and limit criminal activities involving cryptocurrencies. ”
This spring, the US Commodity Futures Trading Commission (CFTC) also collected a significant amount of funds – the organizer of the Control Finance cryptocurrency pyramid, Benjamin Reynolds, was ordered to pay $ 572 million.
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