Dear Securities and Exchange Commission, I am writing to express my concerns about the proposed rule titled "Safeguarding Advisory Client Assets." While I understand the intention behind enhancing investor protections and addressing gaps in the custody rule, I am worried about the potential negative impact on blockchain innovation and the overreach of regulatory burdens. Digital assets, such as cryptocurrencies, have gained significant traction and are transforming the financial landscape. Blockchain technology has the potential to revolutionize various industries, including finance. However, these innovations face regulatory uncertainties that threaten to stifle their growth. The proposed rules regarding crypto assets may inadvertently impede blockchain innovation. By imposing excessive regulatory burdens and impeding the development of new financial products and services, they may hinder the potential benefits that these technologies can bring. It is important to strike a balance between investor protection and fostering an environment that encourages technological advancements. Furthermore, I am concerned about potential overreach in the proposed rule. While it is crucial to ensure the safeguarding of client assets, it is equally important to avoid burdening investors with unnecessary regulations that may hinder their ability to provide effective services. The rule should consider the unique characteristics and requirements of digital assets to avoid stifling growth and innovation. I urge the Securities and Exchange Commission to carefully consider the potential negative impacts of the proposed rule on blockchain innovation. It is essential to create a regulatory framework that provides investor protection while allowing for the responsible development and utilization of digital assets. Thank you for considering my concerns. I appreciate the opportunity to provide input on this important matter.