@saylor : I am not against supporting Bitcoin developers. However, I have concerns about the Ark ETF applying for an exemption from regulation under SEC rule 19b-4, which would allow them to list Ark on their exchange without needing regulatory approval or compliance with listing requirements. This application raises significant questions around market manipulation and conflicts of interest, as the applicants have a direct financial incentive to list Ark. In light of these concerns, I believe it is appropriate to conduct a full review of this proposal by SEC staff and publicly-available commenters.