Jul. 25, 2022
Dear Chair Gensler, I write to support the petition for the SEC to begin a notice-and-comment rulemaking process for crypto securities. The potential for web3 technologies is almost limitless, and we will all benefit if we can keep the innovation here in the US. As a consumer and investor, I believe that for web3 progress and leadership to flourish, we need well-designed regulation of the subset of crypto assets that are crypto securities, not ad hoc litigation or rhetoric. The SEC should not wait on this important issue anymore. Without smart crypto securities regulation, our markets, businesses, and retail investors will fall behind from the lack of certainty and workability in crypto securities. -Developers are chilled from creating the next web3 innovation -Businesses and platforms are uncertain about what they can launch without SEC litigation -Investors lose the benefit of relevant information -Consumers, entrepreneurs, and small businesses are unsure of whether something that is here today will get shut down tomorrow -US crypto holders have no path to access crypto securities but to go offshore. Please start a process to make real regulation for crypto securities and open the gates to a new kind of capital market. Sincerely, Jarrod Lowery