Apr. 17, 2023
April 17, 2023 I am writing in support of Exchange Act Rule 3b-16. Regulation in the crypto space is long overdue, and dark markets have proven time and time again to be a breeding ground for fraudulent activity. As Chair Gensler recently put it, given how crypto trading platforms operate, many of them currently are exchanges. Thats the case regardless of whether they call themselves centralized or decentralized. It is obvious that these platforms are indeed exchanges, and should be subject to regulation. The collapse of FTX and the illicit activities taking place on that platform underscore the need for oversight and regulation. Without consumer protections, everyday investors are exposed to harm when a crypto coin or trading platform suddenly implodes. Thank you for this common sense attempt to regulate a murky financial space and protect the ordinary investor from financial scams.