{"id":141119,"date":"2024-11-01T10:30:33","date_gmt":"2024-11-01T08:30:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141119"},"modified":"2024-10-31T19:30:00","modified_gmt":"2024-10-31T17:30:00","slug":"blockchain-association-reveals-400-million-spent-by-firms-on-sec-enforcement-actions","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blockchain-association-reveals-400-million-spent-by-firms-on-sec-enforcement-actions\/","title":{"rendered":"Blockchain Association Reveals $400 Million Spent by Firms on SEC Enforcement Actions"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/theblockchainassociation.org\/regulation-by-enforcement\/\" target=\"_blank\" rel=\"nofollow\">figure<\/a><\/strong>, based on a survey conducted with HarrisX, represents a fraction of the broader financial impact on the digital asset industry, which includes job losses and stifled innovation.<\/p>\n<p>Since taking office in April 2021, Gensler has classified most cryptocurrencies as securities, leading to numerous enforcement actions against major companies like Coinbase and Kraken.<\/p>\n<p>Some firms have responded by filing their own legal challenges against the SEC.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-4268743742\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/uk-increases-capital-gains-tax-on-assets-including-stocks-and-crypto\/\" title=\"UK Increases Capital Gains Tax on Assets, Including Stocks and Crypto\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Britain-Parliament-Cy_Horo-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">UK Increases Capital Gains Tax on Assets, Including Stocks and Crypto<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The survey of 1,717 registered voters, conducted from October 25 to 28, found that two-thirds believe the SEC should wait for clearer congressional guidelines before proceeding with enforcement.<\/p>\n<p>It also revealed that voters do not consider digital assets a partisan issue, with support for innovation divided between the GOP and Democrats.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Blockchain Association disclosed that its member firms have collectively spent $400 million in costs related to enforcement actions by the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler.<\/p>\n","protected":false},"author":3,"featured_media":38930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-141119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain Association Reveals $400 Million Spent by Firms on SEC Enforcement Actions<\/title>\n<meta name=\"description\" content=\"The Blockchain Association disclosed that its member firms have collectively spent $400 million in costs related to enforcement actions...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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