SEC fines nearly $5 billion in the 2023 fiscal year, with a focus on the cryptocurrency industry and other related fields.

On November 15th, BlockBeats reported that the US Securities and Exchange Commission (SEC) released its enforcement results for the 2023 fiscal year on its official website. The report showed that the SEC initiated a total of 784 enforcement actions, a 3% increase from 2022. The enforcement actions resulted in fines of $4.949 billion, second only to the $6.4 billion in fines in 2022, making it the second-highest in history. The SEC stated that "the 2023 fiscal year was a year of fruitful enforcement work." The cases investigated by the SEC focused on areas such as cryptocurrency, cybersecurity, false statements by listed companies, and market manipulation.