According to data disclosed by the Blockchain Association, since Gary Gensler became the chairperson of the SEC, the US crypto industry has spent more than 400 million dollars in response to the agency's enforcement actions. During this period, the Securities Exchange Commission has filed lawsuits against some large crypto companies, including Coinbase, Kraken, etc. It is reported that the figure of 400 million dollars is based on self-reports by members of the Blockchain Association, which reflects the huge compliance costs and potential damage to industry innovation and employment caused by SEC enforcement. The members of the association include Ripple, Coinbase, Crypto.com, Grayscale, and Kraken.