Apr. 17, 2023
I am writing to express my strong support for the proposed changes under the Securities Exchange Act of 1934, as outlined in SEC proposal S7-02-22. I believe that these changes will increase transparency, accountability, and fairness in the securities market, and ultimately benefit both investors and companies. In particular, I strongly support the proposed amendment to include digital asset trading platforms within the definition of "exchange". I believe that this change is long overdue and will help ensure that digital asset trading platforms are subject to the same regulatory oversight and investor protection requirements as traditional securities exchanges. As the use of digital assets and blockchain technology continues to grow, it is critical that investors have confidence in the integrity and transparency of the digital asset trading platforms they use. Including these platforms within the definition of "exchange" will help achieve this goal by subjecting them to the same standards of transparency, reporting, and regulation as traditional exchanges. Furthermore, I believe that this change will help prevent fraud and market manipulation in the digital asset market, which has been a concern in recent years (see recent FTX debacle). By subjecting digital asset trading platforms to the same regulatory requirements as traditional exchanges, the SEC can help ensure that these platforms are held to the highest standards of transparency and accountability and help to prevent future crime against public investors. Overall, I believe that the proposed changes, including the amendment to include digital asset trading platforms within the definition of "exchange," will help strengthen investor confidence in the securities market and promote fairness and transparency. I urge the SEC to adopt the proposed amendments and thank you for your consideration of this important matter. Kindest regards, T. Sadowsky