The Number of Crypto-Related Enforcement Actions in the United States Grows

Solidus Labs, an American company that specializes in blockchain risk monitoring, has just released a study showing that there was a significant rise in enforcement actions that were related to cryptocurrencies in the United States in 2022. The company reported this in a recently published study. This data was compiled from a survey that was conducted in 2022. According to some, the corporation may have notified them. This was made clear by the investigation’s findings. Federal and state agencies are currently working together to establish new standards and guidelines that will be used by them as a reference point for how they perform their respective law enforcement duties.

Each of the four U.S. federal agencies involved in crypto enforcement had to carry out 58 actions in 2022. These actions were taken to address various cryptographic crimes. These actions included warnings, arrests and confiscation of property. As a result, 2,048 distinct crypto criminals were captured. This is a remarkable 65 percent increase over the 38 previous activities that were recorded in 2021. It also eclipsed the previous record, which was held by 40 activities in 2020. The old record was broken by this new record. Additionally, this record is more than the previous record of 38 acts set in 2021.

The Securities and Exchange Commission, the Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the Office of Foreign Assets Control (OFAC) all broke their records. FinCEN took only one action in 2022 compared to four in other years, 2013 being the last year it took action. All agencies broke their records except for FinCEN, which only took one action in 2022. This is compared to four actions in other years since 2013. It was the only agency that took any action.



Leave a Reply

Your email address will not be published. Required fields are marked *


Follow NovaUmi

Let's connect on any of these social networks!

Subscribe to our newsletter.

We respect your privacy

Read More

Related Posts