Apr. 16, 2023
April 16, 2023 I am an individual investor and am not part of the crypto industry. I do not support this proposed rule change. It is an unnecessary and harmful expansion of the reach and power of the SEC. In general, I believe the SEC has demonstrated a lack of support for crypto investing and has directly acted to undermine it. This is driving innovation overseas and hurting the American economy. I believe crypto is a space that has demonstrated enormous potential and is perhaps the biggest opportunity for technical innovation and economic growth since the advent of the internet. Instead of nurturing and supporting this industry with clear guidance and supportive regulatory policy, the SEC has acted in an ignorant, harmful, heavy-handed and capricious manner. Expanding the role and reach of the SEC in crypto is the last thing we should want to be doing. There are those in the regulatory arena who understand the potential for crypto and the need for sensible regulation that provides clarity f or investors and innovators without trying to crush innovation and adoption of this technology. Gary Gensler is not one of those well-reasoned voices. He is out to destroy crypto. He should be stopped and replaced by someone who has a sound and reasoned approach to regulating the crypto space. Until that happens, DO NOT expand the reach and power of the SEC. Their actions are not protecting investors but merely act to stifle the industry while currying political favor. On the contrary, put a stop to this idiocy and stop hurting the American economy and stop crushing innovation. Shame on you, Gensler