According to data from the Blockchain Association, during Gary Gensler’s tenure as SEC chairman, the US crypto industry spent more than $400 million to deal with regulatory actions. 😱 This could have negative impacts on innovation and employment. In addition, two-thirds of voters think the SEC should wait for clearer regulatory guidance from Congress, according to a poll. 🗳️
With major players like Ripple, Coinbase, Crypto.com, Grayscale, and Kraken, there are also differences of opinion among political parties who support crypto innovation. 34% say Republicans and 32% say Democrats are more supportive of crypto innovation. 🚀
Our optimism for Bitcoin continues!