Subject: File Number S7–04–23
From: Roberto Bossio
Affiliation:

Oct. 29, 2023

29th of October 2023

In regards to the SEC's Safeguarding Advisory Client Assets proposal.

I feel that the SEC have a very heavy handed approach to new innovative industries like Cryptocurrency and
are at risk of destroying further advances and investments in the field. They want to label everything under
current securities laws, when the two are very different.
One is a legal share of a company and the other is a utility - based on computer programming, math and peer to peer sharing,
with potentially limitless possibilities.  

Instead of protecting investors (as they claim) in these new technologies the SEC unfortunately does more damage then good. They don't 
understand the technology and should not be allowed to push through any bills that will further damage the space.

Kind Regards

Roberto Bossio