Terraform

SEC Reports Record Penalties for 2024, Driven by Terraform Settlement
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SEC Reports Record Penalties for 2024, Driven by Terraform Settlement

The United States Securities and Exchange Commission (SEC) achieved a new record for penalties and fines in the fiscal year 2024, largely due to a substantial settlement with cryptocurrency firm Terraform Labs. According to the SEC’s annual report released on Nov. 22, the agency netted $8.2 billion in financial remedies, marking the highest total in...