Jan. 2, 2024
Dear members of the Securities and Exchange Commission (SEC) of the USA: I am a Citizen of India, and a business professional with over two decades of experience. This is a request to reject the applications for Bitcoin Spot ETFs. Our concerns with this matter are: Exacerbating Economic Inequality and Social Unrest: The price volatility of Bitcoin and other crypto currencies, and their speculative bubbles created by the Bitcoin Spot ETFs approval will amplify the current economic inequalities in developing countries. Empowering Authoritarian Regimes and Undermining Democratic Values: The decentralized nature of Bitcoin and Crypto currencies for circumventing traditional financial channels makes it attractive to authoritarian regimes seeking to evade sanctions and exert greater control over their citizens' finances. The Bitcoin ETFs will aggravate this issue further. Sincerely, Amit B. Sent from Yahoo Mail on Android