The US Securities and Exchange Commission brought 348 enforcement actions in fiscal 2026, down 23.7% from 456 the previous fiscal year—the lowest total since 1991, according to a Jinse Finance report citing Cointelegraph. The report was published November 11, 2026, at 17:00:25 UTC+08:00. Independent enforcement actions fell from 303 to 235 during what the report described as SEC Chair Paul Atkins’s first full fiscal year in office.
The lower total does not, by itself, establish what changed in the SEC’s approach to crypto. The year’s cases included allegations that three purported crypto trading platforms and four investment clubs participated in a scheme to defraud investors of at least $14 million. In a separate case, a Bitcoin mining company founder was accused of misappropriating $48.5 million; the company had previously raised more than $95.6 million from approximately 6,400 investors. These are reported allegations, not findings of guilt.
The report also noted an April settlement between the SEC and Francis Decker, a Prager Metis partner responsible for FTX audits, over a failure to meet professional auditing standards. Taken together, the cases show why an annual enforcement count is a limited measure: it records the number of actions, not whether the claims investors encountered were sound or how each case was resolved.