Oct. 21, 2023
I would like to contribute with my thoughts to the case above. Cryptocurrencies became a class of assets with both a significant value and a significant amount of users. Cryptocurrencies, and more specifically Hex and PulseChain, are subject to concerns by the SEC, but a few observations can be made: A) Cryptocurrencies are a piece of digital information that attempts to acquire, hold and exchange value without the need for personal identification, authorization for transactions, existence of intermediaries, and with free access by anyone, anywhere. The value translated into the price may vary largely, may go to zero, and my increase extraordinarily. But, as with any other assets, the price variations are not an indicative of fraud. Cryptocurrencies that present those characteristics are genuine. They are ’True DeFi”. B) The fundamental basic rights for transaction, choice of the medium of exchange, speech and self expression, movement, among others, shall be always preserved, and any decision must not reduce of affect those rights, in any jurisdiction where they are recognised as such. C) Cryptocurrencies, the ones that can be used voluntarily; that do not need identification; that have internal rules that cannot be changed easily and without consensus, if ever changeable; that cannot be subject to authorisation or restriction of use; are wanted, satisfy the fundamental rights, have their internal rules and do not necessarily need third party rules to be safe to use. D) Cryptocurrencies are digital pieces of information, are records in a computer ledger that use a network of computers and cryptography to function. They may or may not be used and exchanged, activities that may give them value. Users want to use them voluntarily. When used, users express their will and exercise fundamental rights. It shall be the role of the invested authorities to guarantee that basic, fundamental, constitutional rights can be exercised. Thank you.