SEC enforcement actions drop to 348 in fiscal year 2026, involving multiple crypto cases

The U.S. Securities and Exchange Commission brought 348 enforcement actions in fiscal year 2026, a 23.7% decline from 456 the prior year, with standalone actions falling to 235 from 303. Crypto-related cases included an alleged scheme that defrauded investors of at least $14 million and a bitcoin mining founder accused of misappropriating $48.5 million. In April, the SEC also settled with Francis Decker, a partner at auditor Prager Metis, over claims that FTX audits fell short of professional standards. The drop signals a narrower enforcement posture at the regulator even as crypto cases remain on its docket. What to watch next is whether the slower cadence persists into fiscal 2027 and how it affects the pipeline of pending digital-asset actions.