State regulators in the United States reported a significant increase in investigations related to digital assets, social media fraud, and staking activities in 2023. According to the North American Securities Administrators Association, there were 343 new cases opened, marking a substantial rise from the previous year. This surge in enforcement actions highlights growing concerns over fraud and unregistered investment products within the digital asset space. The increased scrutiny comes amid calls from SEC Commissioner Mark T. Uyeda for the U.S. to adopt a more proactive regulatory approach, taking cues from countries like Japan, Singapore, and Hong Kong, which are perceived to be advancing faster in crypto regulation.