All investors should be allowed to buy cryptocurrency instruments of any kind without any special accreditation. Investments should not be limited to an elite aristocracy, arbitrarily determined by government agencies. The risks of cryptocurrency are well-documented and available to all potential investors. Many cryptocurrencies have demonstrated their use-cases, and as an asset class it is entirely appropriate to allocated to them as a sound portfolio strategy. Bitcoin, in particular, is currently acting as perhaps the sole hedge against geopolitical risk worldwide. To make such investments off-limits to retail investors would deny access to these key assets, allowing only a wealthy elite class to participate.
Jason Somer Comment On Regulatory Notice 22-08
All investors should be allowed to buy cryptocurrency instruments of any kind without any special accreditation. Investments should not be limited to an elite aristocracy, arbitrarily determined by government agencies. The risks of cryptocurrency are well-documented and available to all potential investors. Many cryptocurrencies have demonstrated their use-cases, and as an asset class it is entirely appropriate to allocated to them as a sound portfolio strategy. Bitcoin, in particular, is currently acting as perhaps the sole hedge against geopolitical risk worldwide. To make such investments off-limits to retail investors would deny access to these key assets, allowing only a wealthy elite class to participate.