To the SEC and CFTC: I am writing as an unemployed/low-wage American to oppose this crypto regulation. This rule does not democratize finance. It consolidates wealth in corporate hands while punishing working people. PROBLEM 1: UNFAIR TAXATION ON WORKERS This rule clarifies that staking is legal—but ignores that staking rewards are taxed as ordinary income for workers. A low-wage worker earning $50 in staking rewards pays ~$11 in taxes. A wealthy person earning $5,000 pays $750 in capital gains tax (15%). The system punishes workers for trying to build wealth outside traditional finance. Crypto was supposed to be an alternative for people excluded from wealth-building. This rule legitimizes a system that taxes us MORE, not less. PROBLEM 2: CORPORATE CONSOLIDATION This rule allows corporations to tokenize assets and raise capital on blockchain. It does NOT help regular people. I cannot: - Mine Bitcoin (too expensive) - Stake crypto (no capital) - Buy tokenized corporate stock (can't afford it) This rule opens a new playground for the wealthy and corporations—while excluding working Americans. WHAT SHOULD HAPPEN INSTEAD: Before finalizing this rule, the SEC should address: 1. Tax fairness for working people earning staking rewards 2. How this rule prevents corporate wealth consolidation 3. What barriers are being removed for LOW-INCOME Americans (not just corporations) This rule accelerates inequality. It should not be finalized. Respectfully, Penelope Trent