The SEC announced the enforcement results for fiscal year 2025 and stated that it has ceased the practice of "regulation by enforcement" and is making "necessary corrections" to its enforcement approach in the crypto asset sector. The SEC said that moving forward, resources will be focused on fraud, market manipulation, and investor protection. In the crypto field, the SEC has prioritized several cases during the fiscal year, including the founder of PGI Global being accused of manipulating $198 million in crypto and forex scams, and Unicoin and its executives being sued for false statements and misleading fundraising. The SEC also emphasized that it will continue to combat securities fraud involving new technologies such as blockchain and AI.

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