Jun. 13, 2023
Dear Securities and Exchange Commission, I am writing to express my strong opposition to the proposed rule making for decentralized finance (DeFi) platforms, as outlined in the Coindesk article published on June 12, 2023, titled "SEC's DeFi Rulemaking Do-Over Falls Short." The proposed rule making fails to strike the right balance between regulation and fostering innovation. DeFi platforms operate on decentralized networks and offer greater accessibility, reduced risk, and enhanced transparency. Applying the same regulations as centralized exchanges disregards the unique nature of DeFi and risks stifling innovation. Furthermore, a heavy-handed regulatory approach may drive talent away from the United States and hamper its position as a leader in technological advancement. I urge the Securities and Exchange Commission to reconsider the proposed rule making and adopt a more collaborative approach that encourages responsible innovation, educates investors, and develops guidelines and best practices. Thank you for your attention to this matter. I trust that you will carefully evaluate the concerns raised by individuals invested in the success and potential of decentralized finance. Yours sincerely, Courtney Beck