Dear Judge Shelby,
I have been massively disadvantaged financially and affected emotionally/psychologically by the SEC’s extremely poorly investigated case and associated actions against the D.E.B.T. Box ecosystem and D.E.B.T. council members.
As a holder of D.E.B.T. Box nodes and/or tokens, I have never been under the impression that I have an investment contract and/or own shares/rights to any underlying asset supporting the digital token cryptocurrency ecosystem. It is made quite clear in the Lite Papers that the software mining licenses are not an investment, not legal tender, and not backed by any government.
I am fully aware that my purchase involves acquiring virtual software that distributes tokens with no guarantee of future value. I want to emphasize that I have not been a victim of fraud in any manner; the ecosystem was functioning smoothly until the SEC's actions disrupted it.
The SEC is continuing its crusade against cryptocurrency by not having clearly defined rules and then taking actions against the businesses/ecosystems for not complying. This is an utter embarrassment compared to the many forward-thinking countries that have published clear guidelines for this massive emerging industry. Their 'regulation by enforcement' is continuing to push pioneering businesses to crypto-friendly jurisdictions, costing the USA untold sums in revenue and opportunity.
Placing a temporary restraining order on the D.E.B.T. Box council members in a case that was poorly investigated and covert is also embarrassing to the SEC and devastating to the hundreds of thousands of node and token holders.
I have not been defrauded in any way; in fact, the ecosystem was running smoothly until the unconscionable actions of the SEC. We believe in the underlying assets. The SEC and Receiver have proved what we have known to be real as well.
Bitcoin mining distributes bitcoins that may or may not have a future value.
Ethereum mining distributes Ethereum tokens that may or may not have a future value.
D.E.B.T. Box nodes distribute tokens that may or may not have a future value.
You can buy Bitcoin miners from eBay, Amazon, or a myriad of other sellers. The SEC is not making allegations against everyone selling Bitcoin miners.
D.E.B.T. Box is providing an Asset Tokenization platform.
As this is new, many are not familiar with this term. Please be aware that BlackRock, Bank of America, and every other major financial institution are embarking on this massive trend, predicted to be a $15+ trillion industry over the coming years. Is the SEC going to attempt to stop this? Highly unlikely.
The appointed receiver is not maintaining the status quo in running the ecosystem and should be removed immediately and reprimanded.
If the receiver is given access to particular wallets, they could completely destroy the ecosystem. They would take all the liquidity and make this a "rug pull". Your Honor, I beg you to take appropriate action to ensure they do not have access to these wallets and give operational control back to the Council members. I am certain the SEC would be pleased to see a collapse as it would then validate their false allegations of being a scam. To some, it may appear the Receiver and SEC are working in cahoots.
As time goes on with this case, the SEC is continuing to damage the ecosystem of 300,000-plus participants from around the world.
Judge Shelby, I kindly ask you to look beyond the SEC’s agenda, whose job is to enforce regulations formed by Congress, not to make them up as they so desire.
Sincerely,
D.E.B.T Box ecosystem node and token holders
Why is this important?
We the people are being hurt by the actions of the SEC and Receiver. Token values have plummeted due to the FUD the SEC is creating. All the while, the receiver is making money and not helping the Ecosystem at all. We Believe in The Debt Box and the lives that were being changed worldwide because of it! We want to free the people from the overreaching SEC. Let The Debt Box roll on!
