According to a recent report by Cornerstone Research, the US Securities and Exchange Commission (SEC) has significantly decreased the number of crypto-related lawsuits filed in 2020. The report states that the SEC launched 33 lawsuits last year, a significant decrease from the 47 lawsuits filed in 2019.

This decrease in lawsuits may come as a surprise to some, as the crypto industry has continued to grow and gain mainstream attention. However, it could be a sign of the SEC shifting its focus towards more pressing matters, such as the ongoing pandemic and economic crisis.

The SEC has been known for its strict stance on cryptocurrencies, often cracking down on fraudulent activities and unregistered securities offerings. In 2018, the SEC launched a massive crackdown on initial coin offerings (ICOs), which resulted in numerous lawsuits and penalties for companies that failed to comply with securities laws.

Despite the decrease in lawsuits, the SEC has not slowed down its efforts to regulate the crypto industry. In fact, the agency has recently taken action against several high-profile companies, including Ripple Labs and Telegram, for allegedly violating securities laws.

The decrease in lawsuits could also be attributed to the SEC’s increased efforts to educate the public about the risks associated with investing in cryptocurrencies. In 2020, the agency issued several investor alerts and warnings about the potential dangers of investing in digital assets.

While the decrease in lawsuits may be seen as a positive development for the crypto industry, it is important to note that the SEC’s regulatory actions are still a significant factor for companies operating in the space. As the industry continues to evolve and mature, it is likely that the SEC will continue to play a crucial role in shaping its future.