July 22, 2018
I strongly support permission for qualified entities to offer ETFs for cryptoassets. Assuming proper vetting, I see the risk of fraud or mis-management as extremely low.
The US must find ways to embrace these new forms of assets. Other countries are doing so, successfully. If we shut the door, we will inevitably fall behind.
All new paradigms pose challenges. The way forward is to wrestle with those challenges rather than taking the easier but ultimately sub-optimal path of just saying no.