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The Blockchain Association, a lobbying group focused on cryptocurrencies, announced that cryptocurrency companies have spent approximately $426 million to fight a lawsuit initiated by Gary Gensler, the chairman of the U.S. Securities and Exchange Commission. In the report, the Blockchain Association criticized the agency's "law enforcement and regulatory" approach, which has impacted the entire cryptocurrency industry. In addition to the cost of dealing with complaints and cases, the blockchain association also pointed out the issue of unemployment, which will have a negative impact on the economy. @ftor26 @fiyinodebunmi
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