Jan. 5, 2024
Mr. Gary Gensler, and the Securities and Exchange Commission (SEC) of USA: I am a Citizen of India, a father, a husband, a son, and a business professional. Our country that has been subjected to terror for many decades, sponsored by the various bad actors. Today I am reaching out to provide my comments and request you to not consider Crypto and Bitcoin Spot ETF applications. This is for various reasons such as rampant noncompliance, and custody and security risks in this sector. Cryptocurrencies have been associated with concerns about terrorist financing due to their pseudo-anonymous nature and decentralized structure. Thus, there are implications of global scale if US SEC approves a Bitcoin Spot ETF, as it could inadvertently facilitate terrorist financing activities leading to loss of life, and assets of hundreds of thousands of human beings in other parts of the world, and possibly even USA. The lack of a unified, and well-coordinated international approach and framework to regulate cryptocurrencies will create loopholes that will be exploited by malicious actors seeking alternative funding sources for illicit activities. The US SEC Chair is aware of the Noncompliance and scams we in the Crypto currency space. Sincerely, S Tiwari