Apr. 20, 2023
April 20, 2023 To Whom It May Concern at the Securities and Exchange Commission, I am writing to express my enthusiastic support for the proposed rule changes related to crypto asset securities and distributed ledger technology (DLT) in exchange activity. It is my belief that implementing these changes is crucial to establishing fair and transparent markets for all parties, as well as fostering innovation and growth within the digital asset industry. The role of crypto assets in finance has become increasingly prominent in recent years. As such, more investors are showing interest in purchasing and trading these assets, leading to the emergence of numerous platforms and exchanges that facilitate these transactions. Unfortunately, the regulatory status of these platforms is not yet clear, causing confusion and uncertainty in the market. I strongly believe that the proposed rule changes will alleviate this problem by establishing a clear regulatory framework for platforms that offer trading in crypto asset securities. The SEC can ensure that these platforms are subject to the same level of oversight and regulation as traditional exchanges by mandating that they register as national securities exchanges or comply with Regulation ATS conditions. Furthermore, I believe that incorporating DLT in the trading of crypto assets is a vital development that should be encouraged. DLT has the potential to increase transparency and reduce transaction costs, which can benefit both investors and market participants. By explicitly recognizing the use of DLT in the trading of securities, the SEC can help promote the adoption of this technology and further innovation within the industry. In summary, I believe that implementing the proposed rule changes will facilitate fair and transparent markets while encouraging innovation and growth in the digital asset industry. I urge the SEC to adopt these changes promptly, and I anticipate their positive impact on the market. Thank you for your attention to this matter. Sincerely, Timothy