Dear SEC, I am writing to provide my public comment on the proposed rule "Safeguarding Advisory Client Assets" presented by the Securities and Exchange Commission (SEC). I want to express my genuine concern for the welfare of investors and my desire to collaborate with the agency to establish regulations that promote the best interests of all parties involved. Firstly, I would like to highlight the importance of considering the unique nature of cryptocurrencies in the proposed rule. It is crucial to fully comprehend the decentralized nature and technological complexities of cryptocurrencies when developing regulatory requirements. I kindly urge the SEC to engage in meaningful dialogue with industry experts and stakeholders to ensure that the proposed regulations foster innovation and protect investor interests without imposing impractical burdens. In addition, I believe it is essential to adopt a comprehensive and coordinated approach when introducing reporting requirements for participants in decentralized finance (DeFi). Ensuring consistency and avoiding redundant reporting obligations is paramount to encourage participation and growth within the DeFi ecosystem. By thoroughly understanding the nuanced dynamics of DeFi, we can strike a balance between regulatory oversight and preserving the principles of openness, autonomy, and financial inclusivity that have propelled its success. Lastly, I would like to express my personal appreciation for the positive contributions made by projects such as HEX, Pulsechain, and PulseX in protecting investors from scams and fostering transparent mechanisms for value creation. It is important to recognize and support these initiatives, as they play a crucial role in promoting the integrity and growth of the crypto industry. Imposing overly burdensome regulations on such projects can impede their ability to continue their commendable efforts and may deter future innovation in the sector. In conclusion, I humbly request the SEC to carefully consider the concerns raised in this comment and revise the proposed rule accordingly. By embracing an open and collaborative approach, we can develop regulations that effectively safeguard investor interests while promoting innovation in the digital asset space. I believe in the power of cooperation and dialogue, and I am confident that, together, we can shape a regulatory framework that truly benefits investors and the industry as a whole. Thank you for your attention to this matter. I value the transparency and inclusivity of the regulatory process, and I appreciate the opportunity to contribute my viewpoint. I look forward to further engagement with the SEC on this important rulemaking. Sincerely, Anonymous