SEC Backpedals: Crypto Cops Admit to Barking Up the Wrong Blockchain
In a statement as dry as a California summer, the SEC revealed that since fiscal year 2022, it had chased down 95 cases tied to “book-and-record violations,” raking in a cool $2.3 billion in penalties. Yet, in a twist worthy of a Steinbeck novel, these cases did little more than fatten the treasury while leaving investors as protected as a turtle without its shell.







