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crypto industry criticizes gary gensler for hostility and arrogance
Crypto industry leaders have criticized SEC Chair Gary Gensler for his perceived arrogance and hostility towards the sector, claiming it has influenced political shifts in key states. Gensler defended his tenure, highlighting nearly 100 enforcement actions against crypto firms, including high-profile cases like that of Sam Bankman-Fried. The backlash from the industry underscores ongoing tensions, with claims that the SEC's actions have cost the sector over $400 million in legal fees.
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