The U.S. Securities and Exchange Commission (SEC) announced it collected a record $8.2 billion in fines and penalties for fiscal year 2024, marking the highest amount in its history. This significant increase is largely attributed to the $4.47 billion settlement with Terraform Labs following its collapse. The SEC reported a 65.5% rise in penalties and disgorgements compared to the previous year. In total, the agency filed 583 enforcement actions during the fiscal year, which ended on September 30, 2024. The breakdown of the $8.2 billion includes $6.1 billion in disgorgement and prejudgment interest—the highest amount recorded—and $2.1 billion in civil penalties, which is the second-highest on record. The SEC's enforcement actions reflect a growing focus on regulating the cryptocurrency sector, as evidenced by the notable penalties associated with Terraform Labs and other cases.