Blockchain Association: The U.S. digital asset industry has spent over $400 million to fight against the SEC led by Gensler

ChainCatcher news, the Blockchain Association stated in a statement: "According to self-reported data collected, anonymized, and aggregated by HarrisX, the U.S. digital asset industry has spent over $400 million to fight against the SEC led by Chairman Gensler, resulting in countless job, innovation, and investment losses in the U.S."

The organization noted that the $400 million figure is just "a small part of the industry," as it comes from a sample survey of Blockchain Association members.

It is reported that the organization's members include Ripple, Coinbase, Crypto.com, Grayscale, and Kraken, among others.