July 11, 2018
To Whom it may concern at the SEC,
I'd write a lengthy dissertation as Casey J. Ahern did on June 30, 2018, in which he states:
"Im a fan of Bitcoin, and the blockchain technology that is most effective utilizing Bitcoin.
To that point I have assets that Id like to use for speculation in this new asset class, that I believe in. Id like to own the underlying asset, Bitcoin, not CBOE futures contracts.
However, I dont have a way to effectively do this without placing funds in crypto currency exchanges, which as weve seen on the news, can be less secure than accounts at more traditional registered broker dealers.
Not providing a solution here funnels money to companies with less regulatory oversight. This increases the likelihood of fraud and theft. It also discourages innovation, from the United States, in technology that could have global significance. Japan is institutionalizing Bitcoin and the United States doesnt want to be too far behind.
Please help solve this problem by approving a regulated ETF from two respected institutions, that will allow accredited investors to be able to allocate a portion of our money into an asset class that offers asymmetrical upside and increased diversification in our portfolios."
That said, if you could hold off on the whole XRP/Ripple decision on whether it is or is not a security I'd greatly appreciate that as well. I want to purchase as much XRP as possible before you take that "Money Train" down the institutional investment track. (so to speak) The more people who become become despondent over this decision delay the greater XRP becomes subject to public ridicule. Hence, the price of XRP becomes infinitely cheaper.
Thank you for your consideration - Have a Nice Day