Subject: File No. SR-CboeBZX-2019-004
From: Daniel Roth

May 20, 2019

The Bitcoin market is immature and prone to manipulation. OAG in New York is in the process of taking down a shadow banking cartel that underpins all the exchanges that makeup the public cryptocurrency marketplace. Additionally, they (Crypto Capital and Tether/Bitfinex) have been accused of making a cryptocurrency apparently pegged to a US Dollar when it is arguable there never was amount being held in reserve. The exchanges are engaged in wash trading, spoofing, and trading against their clients along with using unbacked tether USD to pump the price to induce FOMO.