Jun. 14, 2023
Dear Sir / Madam, I send this email as part of the comments process. I would like to flag suspected corruption and conflict of interest within your organisation. Your former staff Bill Hinman was receiving 16 million USD from an ETH (Crypto) firm at the same time he gave only that coin positive clarity (while concurrently crushing ETH competitors). Moreover, if your staff understood how Blockchain functions, it would be very clear that XRP and Cardano in their current form are significantly more decentralised than ETH and therefore it is impossible for them to be securities if ETH is not (unless someone decides to make an investment contract etc., which would mean only those sales should be classed security). Due to your staff attempting to crush the Crypto industry and picking losers and winners (for their own financial gain and political agenda), people all over the world have lost billions of USD. The USA will also lose the opportunity to lead in Blockchain advancements, and massive companies will be forced to pay taxes and hire staff in other countries instead of the US. I personally lost my life savings the same day that SEC sued XRP and caused it to crash 15 billion dollars in the first 24 hours (claiming it is a security in its current form), so I can only imagine how many other lives around the world have been destroyed due to the SEC overreach and negligence. SEC should be to protect investors, yet not one case against Crypto has protected civilians (it has only protected the big banks and other entities that compete with Crypto). This alone should be considered market manipulation, and investigations against SEC decision-makers should be carried out. If SEC wants to protect people, then why can't you use funds to destroy scams and ponzi coins (you have several thousand to pick from), instead of destroying genuine good-willing USA businesses like Ripple (as XRP physically can't be used for its intended use case if it is a security, hence all USA partners such as Moneygram dropped the tech). Best Regards. Paul Eccles.