Jun. 13, 2023
June 13, 2023 De-Fi protocols should not be included. Your definition of an exchange provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange. Digital assets are not securities and should not be included. Some of them may have common features of securities, just like an airplane has some common features of a bird, but the FAA doesnt regulate birds does it? Responsible, good faith regulation should be achieved by collaborating with the digital asset industry and with investors to establish a regulatory framework specific to this new asset class. Thank you.