Since Gary Gensler took office as the Chairman of the U.S. SEC, the cryptocurrency industry has spent over $400 million on enforcement response

【Since Gary Gensler took office as the Chairman of the U.S. SEC, the cryptocurrency industry has spent over $400 million on enforcement response】According to a report by Golden Finance, data disclosed by the Blockchain Association shows that since Gary Gensler became the Chairman of the U.S. SEC, the U.S. cryptocurrency industry has spent over $400 million to respond to the enforcement actions of the agency. During this period, the SEC has filed lawsuits against several large cryptocurrency companies, including Coinbase and Kraken. It is reported that this $400 million figure is based on self-reported data from Blockchain Association members, reflecting the huge compliance costs brought about by SEC enforcement and the potential harm to industry innovation and employment. The association's members include companies such as Ripple, Coinbase, Crypto.com, Grayscale, and Kraken.