Subject: Comments for the File of 265-28
From: John W
Affiliation:

Dec. 01, 2021



I believe the USA should ban all cryptocurrencies and DeFi. At the very minimum the space should be highly regulated and have to follow the same laws and reporting as banks and securities companies. Many cryptocurrency holders are paying zero income taxes on their gains. This must be addressed quickly. Obviously cryptocurrencies and NFTs are a ponzi scheme and at some point will crash leaving many people with monetary losses which could impact the greater economy. The sooner the the better for economic stability. 


Thank you, 
John Weber