March 28, 2022
These rules changes can cause harm and create existential risks to existing businesses, organizations or groups of persons by subjecting them to unnecessary rules and regulations that previously did not apply to them. Changing the paradigm from \"Order-Based\" to \"Trading-Interest-Based\" while also including 'Communication Protocols' only serves to target and harm platforms that the SEC have no legal authority to target. These changes can allow the SEC to target participants in spaces such as Decentralized Finance by encompassing entities and individuals that are not even capable of complying to the new rule changes because the systems they use do not provide such information to satisfy the rules these changes would impose on them. Publishers of AMM codes, miners or validators on blockchains that interact with AMMs and even forums that don't involve trading assets but simply providing analytics would be affected because of the broad scope that these changes would allow simply by including communication protocols. These rules changes should be challenged in court if it were to pass since it could give the SEC the power add new restraints and even ban vast swathes of technologies that is not within your scope.
This should not pass and the SEC should not be capable of giving itself new authority while also providing the least amount of time to respond to new proposals that we already have little recourse to affect in an impactful manner.