In 2024, U.S. regulators collected over $19 billion in settlements from crypto companies, accounting for nearly two-thirds of all settlements to date.
According to a CoinGecko report, FTX and Alameda paid the largest portion, $12.7 billion, to the Commodity Futures Trading Commission (CFTC) in August. The total settlements this year marked a 78% increase from 2023, which saw $10.87 billion in payments, and a staggering 8,327% rise from 2022.
The most notable settlements include Terraform Labs, which paid $4.47 billion to the SEC, and Genesis, which settled for $2 billion with the Office of the Attorney General. Analysts credit the collapse of major firms like Celsius and FTX for triggering a new wave of regulatory scrutiny in the crypto industry.
With months remaining in 2024, more settlements may follow, solidifying this year as a record-breaking period for U.S. crypto regulation.