Apr. 20, 2023
Subject: S7-02-22 To the staff of Securities and Exchange Commission, on the subject of proposed rule changes S7-02-22 With fervor and zeal, I submit my unequivocal support for the proposed rule changes that would lay the foundation for trading crypto asset securities and distributed ledger technology. These rules will not only establish fair and transparent markets for all participants but also fuel innovation and growth in the digital asset industry. As we stand on the cusp of a new era, one that will forever change the financial landscape, it is imperative that we establish clear and concise regulatory frameworks that will keep pace with the fast-moving technological advances in this sector. The lack of regulatory clarity has left investors exposed to significant risks and the industry vulnerable to continued uncertainty. It is high time to address this issue with urgency and ensure that investors are protected while promoting market integrity. As a student of the founding fathers' writings, I am reminded that the need for a transparent and accountable financial system is as old as our nation. The fathers believed that the government should have a role in protecting the citizens from financial malfeasance, and I believe that this sentiment still holds true today. The proposed rule changes meet these standards and provide a framework that will regulate crypto asset securities and promote innovation in the industry. As a fervent believer in the principles of liberty and equality, I am acutely aware of the transformative power of technology on society. The emergence of new technologies demands clear guidelines that balance the virtues of innovation with the need for regulation that protects the public interest. By requiring platforms that offer trading in crypto asset securities to register as national securities exchanges or comply with the conditions of Regulation ATS, the SEC can ensure that these platforms are subject to the same level of oversight and regulation as traditional exchanges, thereby promoting transparency, accountability, and fairness for all market participants. As a staunch believer in the virtues of capitalism in a truly competitive market, I have witnessed the immense potential that distributed ledger technology holds for the trading of securities. The adoption of DLT has the capacity to augment transparency and reduce transaction costs, thereby benefiting both investors and market participants. At the same time, actionable regulations must be put in place to prevent the use of cryptocurrency by bad actors, from both within and especially without. In conclusion, I respectfully urge the SEC to adopt these rule changes with haste. Let us work together to create a financial system that is fair, transparent, and promotes innovation for all. The time for action is now, and I believe that these rule changes will pave the way for a brighter and more prosperous future. Yours sincerely, David N.R. Bleecker A Concerned Citizen