Oct 31, 06:49 PM

SEC Costs Crypto Industry $426 Million Under Gary Gensler, Says Blockchain Association

The Blockchain Association has reported that the U.S. Securities and Exchange Commission (SEC) has imposed costs of approximately $400 million on the cryptocurrency industry since Gary Gensler took office as chair. This figure reflects the financial burden faced by crypto firms as they navigate regulatory challenges. The costs arise from the SEC's enforcement actions and do not account for additional expenses related to debanking and other regulatory pressures, which have also significantly impacted the industry. Some estimates indicate that the total costs incurred by the crypto sector could be even higher, with figures cited as high as $426 million.

#Blockchain Association #SEC #Gary Gensler

Written with ChatGPT (GPT-4o mini).

Sources

CryptoMutant@CryptoMutant
2 years ago
U.S. Securities and Exchange Commission (SEC) Enforcement Costs Crypto Firms $400 Million Under Gary Gensler. https://t.co/ljfZnL3TAj
BecauseBitcoin.com@BecauseBitcoin
2 years ago
[COINTELEGRAPH] SEC cost crypto firms $426M under Gensler — Blockchain Association
Caitlin Long 🔑⚡️🟠@CaitlinLong_
2 years ago
🤯STUNNING NUMBER: $400m spent thus far against the Biden/Warren anti-#crypto onslaught by the SEC, and that doesn't even include the costs the industry has incurred to deal with #debanking & #OperationChokePoint2.0 (which are also big) https://t.co/RXWnUI4hKt

SEC Costs Crypto Industry $426 Million Under Gary Gensler, Says Blockchain Association

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