The Blockchain Association reported that the U.S. Securities and Exchange Commission (SEC) has cost crypto companies $426 million in legal battles since Gary Gensler took office.

- From 2021 to 2023, the SEC filed 104 lawsuits against the crypto industry.

- The Association claims that Gensler's "anti-innovation crusade" has led to job and investment losses in the U.S.

- The 2024 elections may change the leadership of the SEC.

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