Subject: File No. SR-CboeBZX-2018-040
From: Doug Ryan

July 16, 2018

Reasons for the Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares

Bitcoin who's underlying technology is blockchain leads the cryptocurrency marketplace and must be legitimized so that it's full potential both from a technology and store of value allowed to grow (or decline) in the open markets. Approval of the proposal

-Spurs regulation in the market place to protect consumers
-Brings in legitimate players who can better regulate and retail to consumers
-Spurs consumers with a new exciting way for new investors to leverage a section of their portfolio for future technology and economics
-Provides an outlet for consumers to learn more about technology, trading and responsibility of assets in a technology driven age.
-Gives investors globally a vehicle for trading assets in a decentralized model where traditional institutions are not available
-Spurs on a wealth of related blockchain technologies aimed at solving world problems and improving information flows touching on every aspect of the consumer model and commercial business.

In an age of a technology driven economy we must nurture, regulate and seed emerging solutions in order so that not only our country but the world views us as a leader, otherwise we lose the vision and grandeur our founding fathers gave to us more than 200 years ago.