July 10, 2018
Dear Commission,
The trade of cryptocurrency is a unique market. It’s actually why I would consider a “people’s market.” Ordinary people are able to trade with as little money as they want. This allows normal, everyday people to invest some of their money into a cryptocurrency of their choice. As a 42 year old Middle Class citizen. I have always wanted to invest some money into the stock market to make a few trades and invest in companies I believe in. However, this is not possible without paying exuberant fees to a company that charges a minimum of $25 per trade. Normal people can’t make money off of something like that. The system is designed to keep the hard, WORKING CLASS people out of the stock market, and reserves its services only to those who can afford trades that result in 100’s of dollars of profits. On contrast, the cryptocurrency market allows people to put in money and make trades that can result in just pennies of profits because the trading fees are based off of small percentages of the trade no matter how big or small.
The fact that the government makes current trading companies hold thousands of dollars of traders money they serve just to “make sure” they can afford to “lose” the money is absurd. The government doesn’t make casinos collect some amount of money from people to hold on the side before they walk in to gamble.
People should be allowed to invest with their money as they please. We as people have to take responsibility for our own actions and stop expecting for the government to “protect” every move we make.
Allow people to invest in cryptocurrency as they see fit. Last, but certainly not least, please don’t miss out on this technology and be the country that loses out, or is left behind, on this emerging new class of innovation. I love this great country in which I was born, and always want to see it far exceed any other place on earth.
Very Respectfully,
Trinity