I am writing to further explain my concerns about how the proposed custody rule changes in Release No. IA-6240 could negatively impact the broader U.S. economy and growth. The digital asset industry is an important and rapidly growing part of our financial system. Cryptocurrencies and blockchain technology have the potential to transform financial services and generate significant economic activity for the greater good. Overly restrictive custody requirements on investment advisers could stifle innovation in this sector. Driving cryptocurrency adoption and development overseas through burdensome regulations risks hampering American competitiveness and leadership in this critical technological frontier. Other jurisdictions like Singapore, Switzerland, and the Cayman Islands are vying to become global crypto-asset hubs by providing flexible, digital asset-friendly rules. The U.S. should not surrender its role in shaping the future of digital finance. Prudent, tailored crypto custody rules for advisers can stimulate economic growth and job creation across the country. A flourishing digital asset industry will lead to positive spillovers into blockchain, web3, and other cutting-edge fields. Blockchain jobs are among the fastest growing and highest paid in technology. Clear policy frameworks will allow American innovators to capitalize on these opportunities. In addition, cryptocurrencies are an attractive asset class for millions of Americans to grow wealth and save for retirement. Overly burdensome adviser regulations limit investor access to these alternative investments. Providing exposure to diverse crypto assets can generate higher portfolio returns for retail investors. I hope the SEC will keep in mind the broader economic growth and competitiveness implications of its proposed custody rule changes. Smart, innovation-friendly policy is needed to advance American leadership in the 21st century digital economy.