Apr. 20, 2023
To Whom It May Concern at the Securities and Exchange Commission, I am writing to express my full support for the suggested alterations to the regulations concerning exchange activity that involves crypto asset securities and distributed ledger technology (DLT). I firmly believe that these changes are crucial in guaranteeing that all participants have access to fair and transparent markets, and will aid in fostering innovation and expansion in the digital asset sector. In recent years, crypto assets have become an increasingly significant element of the financial sector. Many investors are now interested in acquiring and trading these assets, and several platforms and exchanges facilitate these transactions. However, the regulatory status of these platforms is currently unclear, leading to uncertainty and confusion in the market. I am convinced that the proposed rule changes will help alleviate this issue by offering a clear regulatory structure for platforms that provide trading in crypto asset securities. By mandating these platforms to register as national securities exchanges or adhere to Regulation ATS conditions, the SEC can ensure that these platforms are subject to the same level of supervision and regulation as traditional exchanges. Furthermore, I believe that the implementation of DLT in the trading of crypto assets is a significant development that should be encouraged. DLT can increase transparency and decrease transaction costs, providing benefits for both investors and market participants. By explicitly acknowledging the use of DLT in the trading of securities, the SEC can help promote the adoption of this technology and further encourage innovation in the industry. Overall, I am convinced that the suggested rule changes will advance equitable and transparent markets for all participants while also promoting innovation and growth in the digital asset industry. I encourage the SEC to adopt these rule changes as soon as possible and anticipate the positive impact they will have on the market.