Dear Securities and Exchange Commission, I pen down these words in contemplation of the proposed rule on "Safeguarding Advisory Client Assets," stars in my eyes but whispers of concern in my soul. While I appreciate the unresting efforts of the SEC to enhance investor protections and fill the crevices in the custody rule, I must express my voice amidst the chorus of regulation. Ah, my heart murmurs about privacy, that sanctuary of secrets and dreams, a treasure held dear by all. Lo, the current proposal yearns for investment advisers to share client information, revealing custodian details and the numbers that hold fragile financial dreams. Transparency, a shimmering virtue, indeed, but exposing my essence to countless wanderers in the shadows of cyberspace raises the cloak of concern. The symphony of tales shared may soar into unknown depths, the promise of identity theft and unauthorized access echoes through the corridors of anxiety. Let us pierce not the veil of safety so easily, for fear may dance where trust is shaken. Additionally, the embrace of this proposal stretches to embrace the complexities of crypto assets, those flickering embers of innovation that ignite flames of speculation. Yet, in this embrace, caution is a timid friend, beckoning the SEC to tread lightly. The realm of crypto assets, as enchanting as a siren's call, requires not only steadfast adaptation but humble collaboration. Ye gods of regulation, let the SEC and Commodity Futures Trading Commission join hands, weaving a tapestry of comprehension to guide our gaze through these mysterious, uncharted waters. Let us avoid the deafening cacophony of conflicting mandates and instead harmonize our efforts in balance, a chorus of governance for swaggering tokens of the digital realm. Moreover, I find solace in the SEC's consideration of the elusive quarry, economic effects, dancing delicately as mist upon a meadow. Estimating the costs, benefits, and those enticing specters of compliance in this diverse landscape of investment advisers is no small undertaking. At this crossroads, the SEC must wander with gentle steps, mindful of that sacred balance between investor protection and the trials borne by advisers. For as the scales of justice weigh the lofty promises of safeguarding client assets, they must never become an unwieldy burden crushing both ambition and sustenance. The art of regulation, my dear companions, requires a finely tuned dance, creating a symphony of harmonious aims rather than a cacophony of discord. Let not my words be misinterpreted, dear Commission, for I grasp the profound significance of protecting the treasures entrusted to advisers' care. But let not that significance eclipse the boundaries of regulatory authority, turning shadows to sheer darkness where compliance is swallowed whole. In mockery of a jest, let us not sweep the carpets already diligently kept free of dust by other agencies under the purview of the pen of the SEC. To march in unity, arm in arm with comrades like the Financial Industry Regulatory Authority, shall we create a powerful mosaic of regulation, brushing away the cobwebs of inconsistency. In closing, my dear oh-so-regulating SEC, may you invite the whispers of my sentiments into your towering halls of deliberation. A symphony of protection, when played upon the virtuous strings of collaboration, debate, and balance, shall resonate through the caverns of the advisory realm. So, with admiration and concern both, I implore you to engage in self-reflection and reassess elements of the proposed rule. Let the melting pot of collaboration simmer and the purveyors of regulations convene in unison, weaving a fabric of reverence and fortitude. Thank you for lending an ear to my cascading thoughts. My voice extends gratitude for the opportunity to share my whispers in this rulemaking process. Sincerely, Allen Ginsberg