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Thread: [1/ 5] I fully support the growth of the digital asset ecosystem and entrepreneurs building innovative businesses in the United States. However, it is beyond comprehension how Ripple behaved and treated XRP all these years without ever approaching the SEC.
[2/5] Disregard for regulators and retail investors was reckless and negligent. The SEC created FinHub specifically for projects looking to innovate. At Hedera @hashgraph we approached them early and often. Always informing them of what we’d like to do prior to doing it.
[3/5] We welcomed feedback and adjusted our plans for $HBAR based on direct comments we’ve received from staff at the SEC. Our strategy was and still is to never “surprise” the regulators but instead work with them on charting a course for digital asset innovation in America.
[4/5 ] I’m very proud of the approach we’ve taken at Hedera. Our General Counsel Natalie Furman has done a tremendous job and @ManceHarmon and @leemonbaird have always prioritized our “no surprises approach” with the regulators. The SEC is approachable. Speak with them!
[5/ 5] Bottom line: Tell the regulators what you’d like to do before you do it and provide time for a comment period! This is what we did prior to launching $HBAR and we’re all better off for it. The regulators are simply trying to do their jobs. Let’s work together to innovate!
You can get in touch with SEC FinHub here: https://www.sec.gov/finhub and follow @SEC_News and @HesterPeirce
