SEC Annual Report Disclosure of Enforcement Actions for Cryptographic Money Companies

On November 6, the US Securities and Exchange Commission (SEC) issued its annual report for fiscal year 2019. The report shows that 271 securities transactions have been suspended this year, including some digital asset companies, the total number is only slightly lower than last year's 280. The report states that a Nevada company incorrectly claims to have partnered with a SEC-qualified custodian for cryptographic transactions and provides SEC-regulated token products as an example. In April, due to concerns about the accuracy and adequacy of market information, the SEC temporarily suspended the securities trading of Bitcoin Generation, a cryptocurrency exchange. In addition, in 2019, the SEC executed 31 asset freezes with court orders for various misconducts, up from 26 in 2018.