Apr. 17, 2023
April 17, 2023 Hello, My name is Jack Pieper. I am an household investor and interact with US markets on a daily basis. I think that Chair Gensler's proposal S7-02-22 is a beneficial one to our markets. Exchanges that hold their customers funds in a custodial manner have an fiduciary duty to hold up to both scrutiny and advanced reporting requirements. I am glad the SEC is expanding it's purview over the custodial crypto market. If crypto exchanges want to behave like \"traditional\" broker dealers/custodians, they should be held to the same rules and reporting requirements. I believe that a better solution would be a completely self custodial system with no opportunities for fraud, but this is at least a step in the right direction. Thank you Chairman Gensler and your staff. You have my full support.