Dec. 01, 2021
Hello, I, as well as 60 Million other Crypto holders in the US (most of them registered Voters), am extremely dissapointed in the SEC's approach to crypto regulation. I feel you are doing a terrible job. Regulation by litigation is a bad approach. You can see it all over social media and news outlets how dissapointed investors are. SEC public sentiment is at all time lows. The SEC is actually HURTING investors like me, instead of "protecting" them. I held XRP when SEC decided out of the blue to sue Ripple. AFTER XRP has been on the market for years. The value of my XRP plummeted. I 100% agree with our congressman and senators who questioned Gary Gensler on these important issues. If you keep suing Crypto innovators, it WILL absolutely hurt the investors. You keep saying "come in and register" , but WILL NOT SAY which assets are securities. Also, many companies have tried to communicate, but we're treated harshly. I 100% agree with Hester Pierce, we need a safe harbor approach to crypto. STOP suing everyone and let innovation thrive. Also, not allowing a spot ETF is bad policy for SEC. Spot ETF is needed. Look at all the other Countries (Including Canada) who have approved a spot Bitcoin ETF. Why is America forcing innovation elsewhere? Also worth a mention, Futures ETF can be easily manipulated. JP Morgan for example, manipulated Silver Futures. Please let innovation thrive in the US and come up with a more friendly safe harbor approach. I speak for all of the crypto community. We are all in agreement. Scott Lee Sent from my iPhone