The US SEC significantly increased enforcement actions against crypto-related activities in 2023, with 46 cases - the highest since 2013.

The SEC imposed $281 million in penalties and charged 124 defendants, including firms and individuals.

37% of enforcement actions were against Initial coin offerings (ICOs), with fraud being the main issue.

The SEC initiated proceedings related to non-fungible tokens (NFTs).

Former SEC official predicts more actions against exchanges in 2024.

SEC Chair Gary Gensler emphasizes enforcement's importance for investor protection and market integrity in decentralized finance.

Despite the enforcement actions, the SEC approved the listing of shares of spot Bitcoin ETFs for the first time, but clarified this does not mean endorsement of Bitcoin.