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This is a cool article but a deceptive graph. Yes, 1.69b/2.5b have come from the SEC, but $1.2b of that is Telegram--which is less a fine and more blocking a huge raise. Always watch out for graphics driven by outliers!

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elliptic

@elliptic

Jun 21, 2021

Elliptic’s analysis of US regulatory enforcement actions since the birth of Bitcoin in 2009 shows that $2.5 billion in penalties have been imposed against firms and individuals dealing in crypto

elliptic.co/blog/https/www

6:58 AM · Jun 22, 2021Twitter Web App

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Sam looking out for people once again

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It also fails to capture unannounced settlements, which means SEC settlements will be over reported It’s hard to know what’s really going on

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Certainly no intention to deceive. As indicated, these figures are total monetary penalties, not just fines. The article makes clear that this is a combination of civil penalties, disgorgements and restitutions, and the exact breakdown for the Telegram case is provided.

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ah yeah sorry didn't at all mean it was intentional! Just that it probably doesn't paint the clearest picture.

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