{"id":30878,"date":"2024-10-13T16:00:17","date_gmt":"2024-10-13T13:00:17","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30878"},"modified":"2024-10-13T13:01:38","modified_gmt":"2024-10-13T10:01:38","slug":"us-regulators-to-raise-19-billion-through-crypto-lawsuit-settlements-in-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-regulators-to-raise-19-billion-through-crypto-lawsuit-settlements-in-2024\/","title":{"rendered":"US Regulators to Raise $19 Billion Through Crypto Lawsuit Settlements in 2024"},"content":{"rendered":"

In 2024, regulators in the US collected over $19 billion in lawsuit settlements from crypto companies, roughly two-thirds of the $31.92 billion total over the past five years. In particular, the $12.7 billion settlement that FTX and its affiliated trading firm Alameda paid to the US Commodity Exchange and Futures Trading Commission (CFTC) in August accounted for the bulk of this amount.<\/p>\n

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In 2024, eight separate settlements saw regulators collect 78% more payments than the $10.87 billion collected in 2023. This represents a massive 8,327% increase over 2022. These settlements include forfeitures, restitution, civil penalties, and interest, but do not include lawsuits against individual executives.<\/p>\n

Might interest you: What is BabyDoge?<\/a><\/em><\/p>\n

According to CoinGecko\u2019s research, the collapses of Celsius and Terraform Labs have led to increased regulatory pressure following the TerraUSD (UST) crisis in 2022. Terraform Labs closed the second-largest deal in 2024 with a $4.47 billion settlement with the SEC, while Genesis came in third with a $2 billion settlement with the Department of Justice in August.<\/p>\n

\"\"<\/p>\n

Binance\u2019s 2023 deal is considered a significant win as it is the only multi-billion dollar deal awarded to an operating crypto company. Binance had previously agreed with US regulators to resolve various lawsuits, including money laundering charges.<\/p>\n

Although 2024 is not over yet, this year\u2019s deal amounts have already surpassed 2023 by 78.9%, with more deals expected to happen by the end of the year.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In 2024, regulators in the US collected over $19 billion in lawsuit settlements from crypto companies, roughly two-thirds of the $31.92 billion total over the past five years. In particular, the $12.7 billion settlement that FTX and its affiliated trading firm Alameda paid to the US Commodity Exchange and Futures Trading Commission (CFTC) in August<\/p>\n","protected":false},"author":6,"featured_media":22875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[393,4672,8991],"class_list":["post-30878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-crypto","tag-crypto-regulations","tag-us-crypto-regulation"],"yoast_head":"\nUS Regulators to Raise $19 Billion Through Crypto Lawsuit Settlements in 2024 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-regulators-to-raise-19-billion-through-crypto-lawsuit-settlements-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Regulators to Raise $19 Billion Through Crypto Lawsuit Settlements in 2024 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"In 2024, regulators in the US collected over $19 billion in lawsuit settlements from crypto companies, roughly two-thirds of the $31.92 billion total over the past five years. In particular, the $12.7 billion settlement that FTX and its affiliated trading firm Alameda paid to the US Commodity Exchange and Futures Trading Commission (CFTC) in August\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/us-regulators-to-raise-19-billion-through-crypto-lawsuit-settlements-in-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-13T13:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-13T10:01:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/News-Joe-Biden-Will-Regulate-Cryptocurrency.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1528\" \/>\n\t<meta property=\"og:image:height\" content=\"1019\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/us-regulators-to-raise-19-billion-through-crypto-lawsuit-settlements-in-2024\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/us-regulators-to-raise-19-billion-through-crypto-lawsuit-settlements-in-2024\/\",\"name\":\"US Regulators to Raise $19 Billion Through Crypto Lawsuit Settlements in 2024 - 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