Apr. 15, 2023
April 15, 2023 Dear SEC, Decentralized exchanges are very different from centralized exchanges. Rules created for Centralized exchanges does not fit Decentralized exchanges. The proposed rule will bring undue regulatory burden on DEXes and slow down innovation in the United States. Long term, DEXes have the potential to increase transparency, reduce costs and create fairer markets. This change in law will only lead to crypto exchanges, crypto development and liquidity moving away from United States to other countries as well as stifling innovation. Please stop this unnecessary regulatory capture. Thank you. -R