February 20, 2022
To whom it may concern,
Anything that can be done to improve the transparency of US market and help renew and rejuvinate the good faith of retail investors is absolutely vital.
Furthermore, in regards to transaction settlement - we live in an age of cryptocurrencies and multiple online payment providers that can send money anywhere in the world (and I imagine, the International Space Station if they were so inclined) instantaneously or near instantly (Bitcoin may take longer, perhaps hours depending on the amount sent), but it'll still be transacted faster that the T+2 model for stocks.
We're no longer in the realm of carrier pigeons, morse code signals and signal lamps, semaphore flags, teleprinters, human manned exchanges, and so on.
It's time to enter the 21st century. Utilising a fast, reliable, high uptime blockchain solution (like Litecoin, with 100% uptime since its inception, to name one) would not only improve transaction speeds but also improve transparency with public ledgers.
Failing that, working with other new technologies from the last two decades (when compared to whatever is used for the T+2 methodology) if the cryptocurrency appetite isn't there.
I urge you at the SEC to make settlement times and transparency your keystone issues at this time.
Thank you for your time.