According to a study released by Social Capital Markets, the US Securities and Exchange Commission (SEC) has imposed fines totaling $7.4 billion on the cryptocurrency industry since 2013. Notably, with Terraform Labs agreeing to pay $4.47 billion as part of a settlement recently, the total fines for 2024 have significantly surpassed previous years, reaching a peak of $4.7 billion. However, the report also notes that despite the increase in total fines, the number of fines issued by the SEC decreased from 30 to 11 compared to the previous year. Last year, the SEC fined the cryptocurrency industry a total of $150 million. The report analyzes that the increase in fine amounts reflects a shift in corporate strategies, where companies are now focusing on fewer but more impactful cases to address regulatory pressures. This highlights the urgency for cryptocurrency companies to strengthen their regulatory compliance in the current environment, as the financial risks associated with violations are escalating.