Gate News message, April 20 — Senator Elizabeth Warren accused SEC Chair Paul Atkins of potentially misleading Congress after newly released fiscal 2025 data showed enforcement actions falling to their lowest level in a decade. The SEC filed 456 enforcement actions in fiscal 2025, including 303 standalone cases, with court and administrative orders imposing $17.9 billion in monetary relief.
Warren sent Atkins a letter on April 17, following the SEC’s April 7 data release. She cited a 20% decline in enforcement activity under the Trump administration, marking the lowest level in more than 20 years. Warren framed the decline as evidence of regulatory retreat from core oversight responsibilities, particularly after years of intense digital-asset enforcement, and asked Atkins to respond by April 28.
SEC Chair Atkins defended the shift, saying the agency had stopped “regulation by enforcement” and was redirecting resources toward fraud, market manipulation, and breaches of fiduciary duty. SEC Commissioner Mark T. Uyeda supported the change, characterizing it as a return to historical norms. The agency described fiscal 2025 as a transition period following new leadership and litigation priority adjustments.
Despite the lower enforcement action count, the SEC reported approximately $262 million returned to harmed investors and $60 million in whistleblower awards distributed to 48 individuals. The agency’s monetary relief included $10.8 billion in disgorgement and prejudgment interest and $7.2 billion in civil penalties.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump's Crypto Backing Reaches Historic $1.2B, Sparking National Security Concerns
Gate News message, April 21 — Federal filings reveal that Trump and the Republican Party have accumulated a historic $1.2 billion cash stockpile for the November midterms, with cryptocurrency executives playing a major role in funding the GOP war chest. Democrats currently hold only $261 million in
GateNews8h ago
New York State Sues Two Major Crypto Exchanges for Alleged Violations of State Administrative Law
New York State filed lawsuits against two major crypto exchanges, alleging violations of its administrative law and noncompliance with the regulatory framework for digital asset trading platforms.
Abstract: New York State filed lawsuits against two major crypto exchanges, alleging violations of its administrative law and noncompliance with the regulatory framework for digital asset trading platforms. The action signals intensified state oversight of crypto markets.
GateNews8h ago
Crypto Hack Draining $300M May Slow Wall Street's Blockchain Ambitions
Gate News message, April 21 — A weekend hack that drained nearly $300 million from a small crypto project and triggered a $10 billion run on the largest decentralized lending platform may slow Wall Street's growing interest in blockchain technology, according to a report from Jefferies LLC released
GateNews8h ago
AI16Z and ELIZAOS Creators Face Class Action Lawsuit Over False Advertising and Unjust Enrichment
Gate News message, April 21 — Burwick Law has filed a federal class action lawsuit in the U.S. District Court for the Southern District of New York (SDNY) against the creators of AI16Z and ELIZAOS, including Walters, alleging violations of consumer protection laws, false advertising, and unjust
GateNews9h ago
Philippines SEC Warns Against dYdX and Six Other Unregistered Crypto Platforms
Gate News message, April 21 — The Philippine Securities and Exchange Commission (SEC) has warned the public against using dYdX and six other cryptocurrency platforms, stating they are not registered or authorized to solicit investments from local users. The warning aims to protect Filipino
GateNews10h ago
KelpDAO $290M Exploit Attributed to North Korea's Lazarus Group
LayerZero attributed a $290 million exploit of KelpDAO's cross-chain rsETH configuration to North Korea's Lazarus Group on April 18, describing the attacker as a "highly-sophisticated state actor." According to LayerZero, the incident was limited to KelpDAO's rsETH setup and did not spread to other
CryptoFrontier13h ago
