Jan. 07, 2021
Dear SEC, In relation to this tweet: Hereby my comment: There is a logical fallacy in asking for comments regarding digital asset securities, where you have failed for years to provide the industry with clarity on what a DA security is - even for well-intentioned players that have for years and years called for this clarity, while trying to innovate. Your recent treatment of Ripple Labs is nothing short of scandalous. Here is a US company that is trying to do everything in the open, asked publicly for clarity from the SEC on digital assets rules & regulations, with the SEC being fully aware of its activities for 7+ years - as a 'thank you' the SEC sues Ripple Labs for selling a security, stating it violated rules that were never clarified. You have single-handedly set back US innovation in this space, and destroyed billions of dollars from XRP investors that have zero to do with Ripple. I am one of those - obviously I can tell whether I bought a Ripple stock or a decentralized digital currency (XRP). This is a serious breach of your mission, supposedly protecting investors. Drop the Ripple Labs lawsuit as soon as possible, provide a meaningful, modern definition of digital security assets - and then ask again. Best regards, Wouter van Doesum