Subject: SR-CboeBZX-2018-040
From: Tigran Tovmasyan

July 16, 2018

Dear SEC,

I think informed regulation of cryptocurrencies is a good thing, and I would like the USA to support more initiatives such as the ETF proposed by CBOE.

There are many blockchain projects that can benefit from a supportive regulatory body and give fruit to better infrastructures for the future of our information systems. The sooner we close the gap between financial institutions and cryptocurrency the faster we will become a host to nascent technologies from the USA vs giving that opportunity away to other countries.

Best,
Tigran