Odaily Planet Daily News: The Blockchain Association (BA), an organization advocating for cryptocurrency and blockchain, stated that the U.S. SEC has made multiple companies spend over $425 million in digital asset litigation. In a recent update to the BA's 'Enforcement and Regulation' page, the organization reported that the SEC has filed 104 lawsuits against the crypto industry from 2021 to 2023. BA member companies (representing only a 'small fraction' of the industry) self-reported spending approximately $426 million in 'defensive litigation' against the SEC. BA stated that the crypto industry and 'American voters' are ready for change and called for a 'change in SEC leadership' to end the 'legal war' against the industry. (Cointelegraph) Previously, Coinbase found that the FDIC urged banks to suspend or avoid providing crypto-related services in over 20 cases.
See original
Blockchain Association: SEC has made multiple crypto companies spend over $425 million in litigation
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0