The Blockchain Association, a prominent crypto advocacy organization, revealed that its member companies have collectively spent over $400 million in costs to address enforcement actions launched by the U.S. Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler. In a statement released on Thursday (Oct. 31), the Blockchain Association stressed that the SEC, under Gensler’s leadership, has initiated 104 enforcement actions against participants in the crypto industry.
Similar Stories to Crypto Firms Spend $400m Battling Sec As Gensler Faces Growing Criticism on Bing News
Suswati Basu, ReadWriteWeb
Fri, 11/01/2024 - 3:34am
Topics: exchange commission sec chair gary thursday oct the blockchain association ripple grayscale kraken—many hundreds that s blockchain association blockchainassn october blockchain association ceo kristin smith american washington united today kristin smith kmsmithdc october proud devtechsys harrisx harrisxdata october harrisx s chief commercial officer alex chizhik they criticism earlier commissioner mark uyeda coinbase ceo brian armstrong republican donald trump featured canva blockchain association u.s u.s securities sec exchange commission chair gensler sec a coinbase crypto states october blockchainassn harrisxdata harrisx congress the the readwrite industry approach leadership regulation innovation actions million agency enforcement members legal action voters clear regulation-by-enforcement costs stance undue future added jobs misguided dollars policy technology analysis
BING NEWS:
- Crypto firms spend $400M battling SEC as Gensler faces growing criticism
The Blockchain Association reports $400M spent on U.S. SEC enforcement actions, with critics calling for reform under chair Gary Gensler.
11/1/2024 - 12:09 am | View Link - Crypto money laundering rises 30%, report finds
The growing menace of ransomware also utilises ... they were widely used by with North Korea-affiliated hackers responsible for $400m worth of cryptocurrency hacks last year.
01/25/2022 - 11:00 am | View Link - More
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