Feb. 23, 2023
February 23, 2023 As a household investor, this is what I have to say on this ruling. The custody of digital assets by broker-dealers is a critical issue for investor protection and market integrity. As the use and popularity of digital assets continue to grow, it is important that regulatory agencies like the SEC provide clear guidance on how broker-dealers can safely and securely hold these assets for their clients. A free and fair market welcomes transparency, and the importance of transparency cannot be overstated in the digital asset industry. The proposed rule is a significant step towards modernizing and updating the regulatory framework for digital assets custody. It provides clarity and guidance on the specific requirements that broker-dealers must meet when holding digital assets, which will help to protect investors and ensure that the market remains fair and transparent. Passing this rule is essential to fostering innovation and growth in the digital asset industry. It will provide a regulatory framework that will increase investor confidence in the market, which will, in turn, attract more investment and lead to greater adoption of digital assets. In summary, passing this proposed rule by the SEC is crucial for the continued growth and success of the digital asset industry. It will provide clarity, guidance, and protection for investors, and help to ensure that the market remains free, fair, and transparent.