>"U.S. regulators have handed out $2.5 billion worth of monetary penalties for crypto-related violations since 2014." "The largest crypto violation on record was the SEC’s 2020 verdict on Telegram’s initial coin offering (ICO), with the encrypted messaging app being charged for violating securities laws through its 2018 unregistered ICO that raised $1.7 billion in 2018. Telegram was ordered to pay $1.2 billion in disgorgement and $18.5 million in civil penalties."