SEC enforcement actions fall 24% in fiscal 2026 to 348

The headline number is a drop, but the composition matters more: crypto cases still made the year's priority list even as overall enforcement volume shrank, which suggests the agency is being more selective rather than retreating from the sector. That distinction affects projects and intermediaries who assume a lighter touch means less scrutiny. Whether the reduced docket reflects a deliberate reallocation of resources or a broader slowdown in filings is the open question worth tracking in the next fiscal year's mix.