Definition ∞ Legal fees constitute the costs associated with legal representation and services incurred during lawsuits, regulatory investigations, or advisory consultations. In the digital asset sector, these expenses arise from navigating complex and often ambiguous regulatory environments. They cover attorney time, court filings, and expert witness testimony. These costs can be substantial for companies facing legal challenges.
Context ∞ News about legal fees in the crypto space often pertains to ongoing regulatory disputes or high-profile litigation cases. The magnitude of these costs can significantly impact the financial health and operational viability of digital asset firms. Such expenses reflect the growing legal scrutiny and enforcement actions within the industry.
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