In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry.
SEC news
Since 2019, US regulators have collected a total of $31.92 billion in settlements against 25 crypto companies.
XRP price is up today, driven by growing legal tussles against the US SEC in the Ripple lawsuit.
The SEC alleged that Rimar’s executives overstated the company’s AI capabilities.
Cumberland allegedly had $2 billion worth of unregistered crypto dealing since 2018.