Subject: Comments for the File of 265-28
From: chris cercena
Affiliation:

Dec. 01, 2021


"This panel will explore the intersection of digital assets and investor protection, with a specific lens on the regulatory framework covering digital assets, market structure issues, and defining risk in emerging technologies. Additional covered topics include blockchain technologies, crypto-based ETFs, and stablecoins." 


Question - as it relates to regulatory framework 
- how is “sufficiently decentralized” defined as stated by the SEC. is this subjective or objective. 


As the answer will most probably be -  it is on a case by case basis, how can anyone know if they are compliant? 
A case by case basis is not "regulatory framework". Needs to be CLEARLY defined. 


Thank you for your consideration 
Chris Cercena