To Whom It May Concern:
It is time for cryptocurrency to be made available to those who wish to protect their wealth from the collapse of the old system which is based on the failing U.S. dollar.
You will no doubt experience a good amount of opposition to this decision, but that opposition is not rooted in concern for the average retail investor, as it will no doubt be painted. Cryptocurrency removes the power from those who's business is transmitting value over a network BUT NEVER CREATING ANY, and gives it to the people to whom it rightly belongs, the ones who's labor creates value. These masters of the transmission of value enjoy a lifestyle that consumes more value in mere moments than they could ever create. Rather than appreciate the importance of this position, the banking class has repeatedly abused this system, debasing the value of issued currency by printing more of it, and handing it to themselves, creating a boom and bust cycle that further robs producers of the ability to enjoy the fruits of their labor. Bankers will not give up this kind of power without a fight.
Whether or not you allow this Bitcoin ETF, cryptocurrency will replace central bank fiat currencies. As the lightbulb replaced the candle there is simply no suppressing an idea whose time has come. Your protection of the oppressive old system by robbing investors of a viable alternative will be seen as the wrong side of history. This could permanently damage the reputation of your agency. The future belongs to sound money, not money that can be printed at the whim of money-changers. This future has a much smaller role for the banking class, but not for your organization. In the new world of cryptocurrency, the SEC could find itself closes to the average user of the financial system, as functions reserved for the elite in the old system, are now available to vast majority (public offerings are an example). These services may still benefit from your oversight, giving users the protection and confidence that large financial organizations have come to appreciate from your guidance.
The SEC has value to offer the new financial system that will and has already developed around cryptocurrency, and it should not act as a shield to the powerful few who stand to lose their position to a fairer and more equitable financial system.
Thank you,
Anonymous