The Blockchain Association, in collaboration with HarrisX, has published findings on the economic impact of the Securities and Exchange Commission's (SEC) "regulation by enforcement" approach to digital assets under Chair Gary Gensler. The data reveals that the crypto industry has spent over $400 million defending against SEC actions, which have resulted in significant job losses and stifled innovation.

According to polling results, more voters believe the U.S. is adopting an incorrect strategy toward cryptocurrency, favoring clear regulations over enforcement. This sentiment is echoed by two-thirds of voters who agree that the SEC should wait for Congress to provide clearer guidelines.

Kristin Smith, CEO of Blockchain Association, stated: “The SEC’s regulation-by-enforcement approach is harming the United States’s global tech leadership – and failing the American investor the SEC is mandated to protect.” She emphasized the need for leadership change at the SEC to realize crypto's full potential in the U.S.

Alex Chizhik from HarrisX added: “The data are clear: Crypto owners and the crypto industry are not against regulation. They are against being singled out by a regulator aiming to score political points.”

As neither political party currently dominates this issue, candidates supporting digital asset innovation could gain electoral support. The full polling results are available online.

Blockchain Association continues its mission to promote pro-innovation policies for digital assets, while HarrisX remains a prominent market research firm conducting extensive voter analysis across multiple countries.