Oct. 30, 2023
Regarding the proposed amendments to the custody rule, I firmly advocate for preserving individual freedom to own and manage cryptocurrency assets without overly restrictive government regulations. Cryptocurrencies represent a significant advancement in financial technology, empowering individuals with greater control over their financial assets. It is crucial to strike a balance between investor protection and personal autonomy, ensuring that regulations do not stifle innovation or impede the ability of individuals to independently own, trade, and manage their crypto assets. Additionally, these regulations must consider the impact on entrepreneurial ventures and startups in the cryptocurrency space. Startups drive innovation and economic growth, particularly in emerging technologies like blockchain and cryptocurrencies. Overly burdensome regulations could stifle entrepreneurial spirit and hinder the growth of innovative projects. I urge the Securities and Exchange Commission to adopt a regulatory approach that fosters a conducive environment for startups, encouraging creativity, investment, and job creation. Striking this balance will safeguard investors and nurture the potential of innovative startups, ensuring the continued evolution of the cryptocurrency industry.