Subject: File No. SR-CboeBZX-2018-044
From: Phil Gates
Affiliation: SVP of Sales, Merchant Processing

October 5, 2018

Back in 2006, the Port Bill was signed by then President Bush making Internet Gaming illegal in the U.S. and all that tax revenue went overseas where Internet Gaming is legal. Now, 12 years later, the same thing is occurring with digital assets and slowly by not approving this innovation, you are pushing it overseas. This is a highly taxable emerging market, and if you continue to delay the inevitable, you are simply giving the rest of the world the resources that the U.S. so desperately needs. Please approve a Bitcoin ETF ASAP Do not be scared of innovation, embrace it