May 17, 2023
Dear SEC, thanks for this opportunity to voice my opinion.
I believe we are painting with too broad of a brush in this matter of changing the definition of exchange. Meaning that just because something is traded on some kind exchange that it should be treated as security exchange. Are baseball cards next, many buy them because they think in the future they will go up in value and if there was an exchange then it would then be a security. In regards to Crypto, just because some might think one currency is better than the other does not make it a security.
Lets promote safe innovation and as far as exchanges goes how about auditing proof of reserves and leave it at that as it will protect retail.
Respectfully submitted