The Government already taxes profits on Crypto. I am not in support of this further encroachment of my rights to invest in alternative investments to act as a counterbalance to the overpriced stock market cause by the fed's QE*** purchases. First, Crypto should not be under the SEC as it is not a security, it is closer to a commodity. Second, the SEC is over-reaching it authority even if it is a Security. Effectively banning Crypto would then mean that if someone were to start using the e-money that the US is thinking about doing such also be banned.
David Carr Comment On Regulatory Notice 22-08
The Government already taxes profits on Crypto. I am not in support of this further encroachment of my rights to invest in alternative investments to act as a counterbalance to the overpriced stock market cause by the fed's QE*** purchases. First, Crypto should not be under the SEC as it is not a security, it is closer to a commodity. Second, the SEC is over-reaching it authority even if it is a Security. Effectively banning Crypto would then mean that if someone were to start using the e-money that the US is thinking about doing such also be banned.