I am writing to express my concerns regarding the proposed regulations discussed in the PDF document titled "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions" from the IRS and the Treasury Department. While I appreciate the importance of information reporting and determining the amount realized and basis for digital asset sales and exchanges, there are at least two key areas that require urgent attention: privacy and poorly defined terms. First, I am deeply concerned about the privacy implications of these proposed regulations. The requirement for brokers, including digital asset trading platforms, payment processors, and hosted wallets, to file information returns and furnish payee statements on dispositions of digital assets raises serious concerns about the privacy and safety of sensitive financial data, including social security numbers. As a consumer, I value my privacy and firmly believe that such measures should be implemented with the utmost care and consideration for protecting individuals' personal information. It is crucial that these proposed regulations strike the right balance between transparency and privacy to ensure that consumers are not exposed to unnecessary risks. Secondly, I find the terminology and definitions used in these proposed regulations to be poorly defined and ambiguous. Terms such as "platform" lack clarity and are susceptible to numerous interpretations, which can lead to confusion and inconsistent application of the regulations. Furthermore, the definitions provided for terms like "wallet," "smart contracts," and "validator" do not align with their technical meaning within the digital asset industry. Indeed, these proposed regulations read like they were written by someone with a trivial understanding of the technology and infrastructure underlying cryptocurrency and other digital asset. This misalignment in definitions hinders effective understanding and communication between regulators and industry participants, and jeopardizes the successful implementation of these regulations. It is essential that any proposed regulations provide clear and accurate definitions for key terms to avoid unnecessary confusion and facilitate compliance. In conclusion, I urge the IRS and the Treasury Department to address these concerns regarding privacy implications and poorly defined terms in the proposed regulations. Privacy must be safeguarded, and clear definitions should be established to ensure effective and consistent application of these regulations. It is imperative that these regulations strike the right balance between regulatory oversight and protecting the rights and privacy of individuals. I believe that with thoughtful consideration and collaboration between regulators and industry participants, we can achieve an effective regulatory framework that fosters innovation, protects consumers, and ensures compliance within the digital asset space. Thank you for considering my concerns. I trust that my comments will be taken into serious consideration during the rulemaking process.