There is no reason individual investors should be denied access to an efficient vehicle of ownership of an entire asset class. Forcing individuals to seal with complex futures and/or expensive and risky crypto exchanges only deepens the gulf in access between inst. (wealthy) and indiv. (middle class) investors. Per federal law, it is legal for any US citizen to own crypto currency. If there are any restrictions that need to be implemented, they should be done by our legislative branch of government (Congress), not via arbitrary restrictions drawn up by a handful of people at FINRA/SEC.
Mark Padden Comment On Regulatory Notice 22-08
There is no reason individual investors should be denied access to an efficient vehicle of ownership of an entire asset class. Forcing individuals to seal with complex futures and/or expensive and risky crypto exchanges only deepens the gulf in access between inst. (wealthy) and indiv. (middle class) investors. Per federal law, it is legal for any US citizen to own crypto currency. If there are any restrictions that need to be implemented, they should be done by our legislative branch of government (Congress), not via arbitrary restrictions drawn up by a handful of people at FINRA/SEC.