Oct. 30, 2023
To Whom It May Concern, The proposed regulations are too broad and could have unintended consequences for the digital asset industry. The proposed regulations could stifle innovation in the digital asset space by imposing unnecessary regulatory burdens on businesses. The proposed regulations could lead to increased compliance costs for businesses, which could ultimately be passed on to consumers. The proposed regulations could create confusion and uncertainty for taxpayers, which could lead to unintended noncompliance. The proposed regulations could be difficult to implement in practice, especially for smaller businesses with limited resources. Sincerely, Howard Bangs