Oct. 15, 2023
Here are my public comments below to the above file number: Increased regulatory oversight and compliance burdens - Decentralized exchanges have so far operated with minimal regulatory oversight. Any new SEC rules would likely impose reporting, disclosure, and other compliance standards that could increase costs. Limits on token listings - The SEC could potentially require new vetting processes for listing tokens, making it harder for new projects to get listed. Trading restrictions - New rules may restrict or regulate certain types of trades like margin trading. This could reduce overall trading volumes. Categorization of tokens as securities - The SEC may impose frameworks that categorize more tokens as securities, which would require exchanges to follow strict securities regulations. Reduced innovation - Increased regulatory burdens could dampen innovation in the decentralized exchange space. New projects may be deterred. Increased barriers to entry - Only larger, established decentralized exchanges may be able to absorb compliance costs associated with new SEC rules, creating barriers for new entrants. Matthew Sacchetti Sent with Proton Mail secure email.