I have comments on S7-04-23 and other things. Please consider these points regarding the proposed rule. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. Alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements should be explored The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. Are there any other existing regulatory frameworks that can be utilized or adapted for addressing concerns around cryptocurrency custody? The proposed rule seems to be overly prescriptive and may not account for the unique nature of cryptocurrency custody. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. It is crucial to consider the potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry before implementing it. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. It is crucial to consider the potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry before implementing it. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. The SEC should consider potential benefits of allowing greater flexibility in custodial arrangements for cryptocurrencies. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. I am concerned about the impact of this proposed rule on accessibility and affordability of cryptocurrency investment opportunities for retail investors. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? Alternative regulatory frameworks that can be adapted for addressing concerns around cryptocurrency custody should be considered. It is crucial to find a balance between investor protection and fostering innovation in the cryptocurrency space. Alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements should be explored. It is crucial to strike a balance between protecting investors and fostering innovation in the cryptocurrency space. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. This rule may disproportionately impact smaller firms and startups, which could stifle innovation in the long run. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. This rule may lead to a situation where smaller firms cannot compete with larger players, leading to a less diverse and competitive marketplace. The proposed rule may lead to a situation where only large institutions are able to participate in the cryptocurrency market, which could limit innovation and competition. Are there any regulatory measures that can be taken to address concerns around cryptocurrency custody without imposing such strict requirements? Alternative solutions that can address concerns around cryptocurrency custody without imposing such strict requirements should be explored. Are there any existing regulatory frameworks that can be utilized or adapted for addressing concerns around cryptocurrency custody? A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. Alternative regulatory frameworks that can be adapted for addressing concerns around cryptocurrency custody should be considered. A more nuanced approach to regulating cryptocurrency custody would allow for the development of new technologies and business models in this space. The proposed rule may disproportionately impact smaller market participants, leading to a less diverse and competitive marketplace. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. The impact of this proposed rule on the overall growth and development of the cryptocurrency industry should be carefully evaluated before implementation. It is essential to consider the potential unintended consequences of this rule on the broader financial system before implementing it. Is it necessary for the SEC to regulate all aspects of cryptocurrency custody, or can we find a more balanced approach? The SEC should consider the potential benefits of allowing greater flexibility in custodial arrangements for cryptocurrencies. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. The SEC should consider the potential benefits of allowing greater flexibility in custodial arrangements for cryptocurrencies. This rule may create a situation where smaller firms cannot compete with larger players, leading to a less diverse and competitive marketplace. I am concerned about the potential impact of this rule on smaller firms and startups, which could stifle innovation in the long run. A more nuanced approach to regulating cryptocurrency custody would allow for the development of new technologies and business models in this space. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. Copy-paste code here to remove the line numbers. This rule seems overly restrictive and could hinder innovation in the cryptocurrency industry. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. The impact of this proposed rule on the overall growth and development of the cryptocurrency industry should be carefully evaluated before implementation. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. Are there any other existing regulatory frameworks that can be utilized or adapted for addressing concerns around cryptocurrency custody? The proposed rule may have unintended consequences on the broader financial system if not carefully considered. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. It is crucial to find a balance between investor protection and fostering innovation in the cryptocurrency space. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. I am concerned about the potential impact of this rule on smaller firms and startups, which could stifle innovation in the long run. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? It might limit participation in the cryptocurrency market. It is essential to find a balance between investor protection and fostering innovation in the cryptocurrency space, as well as considering potential long-term effects on the overall growth and development of the industry before implementing any new regulatory measures A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. The proposed rule may create a negative impact on innovation in the cryptocurrency industry. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. This rule may inadvertently push businesses towards less regulated jurisdictions, which could harm the U. S. economy and investor protection efforts. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. This rule may disproportionately impact smaller firms and startups, which could limit innovation and competition in the long run. It is essential to consider the potential impact of this rule on the overall growth and development of the cryptocurrency industry before implementing it. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? This rule may inadvertently push businesses towards less regulated jurisdictions, which could harm the U. S. economy and investor protection efforts. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. The proposed rule may lead to a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. It is crucial to find a balance between investor protection and fostering innovation in the cryptocurrency space. It is important that we consider the potential unintended consequences of this rule on market participants and the overall economy. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. A more nuanced approach to regulating cryptocurrency custody would allow for the development of new technologies and business models in this space. This rule may create a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. A more nuanced understanding of risks associated with cryptocurrency custody is needed. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. This rule may create a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. Alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements should be explored. Are there any other regulatory measures that can be taken to address concerns around cryptocurrency custody without imposing such strict requirements? The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. Alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements should be explored. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. While there are concerns about custody, this rule appears to be too heavy-handed and could stifle growth and investment. This rule may disproportionately impact smaller market participants, leading to a less diverse and competitive marketplace. The proposed rule may lead to a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. Is it necessary for the SEC to regulate all aspects of cryptocurrency custody, or can we find a more balanced approach? Are there alternative solutions that can address concerns around cryptocurrency custody without stifling growth? This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. Alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements should be explored. A more nuanced approach to regulating cryptocurrency custody would allow for the development of new technologies and business models in this space. It is crucial to find a balance between investor protection and fostering innovation in the cryptocurrency space. Are there any other existing regulatory frameworks that can be utilized or adapted for addressing concerns around cryptocurrency custody? A more nuanced approach to regulating cryptocurrency custody would allow for the development of new technologies and business models in this space. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. It is crucial to find a balance between investor protection and fostering innovation in the cryptocurrency space. Are there any other regulatory measures that can be taken to address concerns around cryptocurrency custody without imposing such strict requirements? The proposed rule may disproportionately impact smaller firms and startups, which could stifle innovation in the long run. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. This rule may lead to a situation where smaller firms cannot compete with larger players, leading to a less diverse and competitive marketplace. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. This proposed rule may drive businesses offshore and impact the U. S. economy negatively. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. It is essential to consider the potential unintended consequences of this rule on the broader financial system before implementing it. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. I am concerned about the potential impact of this rule on smaller firms and startups, which could stifle innovation in the long run. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? A more adaptive approach to regulating cryptocurrency custody would allow for greater flexibility and potential growth in the industry. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. I believe this rule will have unintended consequences on market participants and may limit access to cryptocurrencies for some investors. It is essential to consider the potential impact of this rule on the overall growth and development of the cryptocurrency industry before implementing it. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. This rule may disproportionately impact smaller market participants, which could limit innovation and competition in the long run. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. I am concerned that this rule will limit the ability of startups to operate and grow in the cryptocurrency space. This rule may create a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. This proposed rule may lead to a situation where only large institutions are able to participate in the cryptocurrency market, which could limit innovation and competition. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. The impact of this proposed rule on accessibility and affordability of cryptocurrency investment opportunities for retail investors should be considered. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. This rule may create a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. Are there any alternative solutions that could address the concerns around crypto custody without stifling innovation? The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. This rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. It is essential to consider the potential impact of this rule on the overall growth and development of the cryptocurrency industry before implementing it. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. The SEC should consider the potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry. There is a need for a more nuanced understanding of the risks associated with cryptocurrency custody, rather than imposing a one-size-fits-all solution. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. It is crucial to find a balance between investor protection and fostering innovation in the cryptocurrency space. The SEC should consider the impact of this rule on smaller firms and ensure that they have access to the same opportunities as larger players. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. This rule may disproportionately impact smaller market participants, leading to a less diverse and competitive marketplace. The impact of this proposed rule on the overall growth and development of the cryptocurrency industry should be carefully evaluated before implementation. This rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. Are there any alternative solutions that can address concerns around cryptocurrency custody without imposing such strict requirements? This rule may create a burden on smaller firms and startups, stifling innovation in the long run. The proposed rule may limit access to cryptocurrencies for some investors. Alternatives to custody that can address concerns around security and risk management should be explored. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. The proposed rule seems overly prescriptive and may not account for the unique nature of cryptocurrency custody. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. It is crucial to consider the potential unintended consequences of this this rule on the broader financial system before implementing it. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? This rule may lead to a reduction in competition and choices for investors, which is not ideal. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? Alternative solutions that can address concerns around cryptocurrency custody without stifling growth should be explored. It is essential to consider the potential impact of this rule on the overall growth and development of the cryptocurrency industry before implementing it. This rule may create a burden on smaller firms and startups, stifling innovation in the long run. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. It is essential to find a balance between investor protection and fostering innovation in the cryptocurrency space. It is crucial to strike a balance between protecting investors and fostering innovation in the cryptocurrency space. The impact of this proposed rule on the overall growth and development of the cryptocurrency industry should be carefully evaluated before implementation. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. The proposed rule may create a burden on smaller firms and startups, stifling innovation in the long run. Are there any alternatives to custody that can be implemented to address concerns around security and risk management? Are there any other existing regulatory frameworks that can be utilized or adapted for addressing concerns around cryptocurrency custody? This rule may lead to a situation where only large, established firms are able to participate in the cryptocurrency market, which could limit innovation and competition. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. This rule may disproportionately impact smaller firms and startups, stifling innovation in the long run. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. This rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. It is essential to consider the potential unintended consequences of this rule on the broader financial system before implementing it. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. This rule may lead to a reduction in competition and choices for investors, which is not ideal. This rule may disproportionately impact smaller firms and startups, which could stifle growth in this sector. A more collaborative approach between industry participants and regulatory bodies would be beneficial in developing better solutions for cryptocurrency custody. Alternative solutions that can address concerns around cryptocurrency custody without stifling growth should be explored. This rule may disproportionately impact smaller market participants, leading to a less diverse and competitive marketplace. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. This rule may lead to a situation where smaller firms cannot compete with larger players, leading to a less diverse and competitive marketplace. A more adaptive regulatory approach would allow for the development of new technologies and business models that can address concerns around cryptocurrency custody. The impact of this rule on smaller firms and startups should be considered. Are there any alternative measures that can be taken to protect investors and mitigate risks in the cryptocurrency space without imposing such strict requirements? It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. It is crucial to strike a balance between investor protection and fostering innovation in the cryptocurrency industry. It is crucial to consider the potential unintended consequences of this rule on the broader financial system before implementing it. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. This rule may create a negative impact on accessibility and affordability of cryptocurrency investment opportunities for retail investors. The proposed rule may lead to increased costs for market participants, which could limit participation in the cryptocurrency market. The potential long-term effects of this rule on the overall growth and development of the cryptocurrency industry should be considered before implementing it. Smaller firms and startups should have access to the same opportunities as larger players. This rule seems too restrictive and could lead to unintended consequences for market participants. A more adaptive approach to regulating cryptocurrency custody would allow for greater flexibility and potential growth in the industry. This rule may drive businesses offshore, negatively impacting the U. S. economy. I hope you've considered some of these things already and will publish your analysis so that I may comment on it as well. My comments are affected by the data you provide me.