| # | Date | Commenter | Bucket | Item type | Overall | Posture | Provisions | Words |
|---|---|---|---|---|---|---|---|---|
| 1 | 2026-08-15 | Layth Kal, Corporate Counsel, Green Pill HoldingsPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 2 | 897 |
| 2 | no date | Form letter Type A (APES)PDF 8 signatories | Organized retail campaign | Form letter | Oppose | Tightening | 10 | 23410 |
| 3 | 2026-08-18 | Joe E. KurczodynaHTML | Individual | Public comment | Oppose | Tightening | 2 | 65 |
| 4 | 2026-08-18 | Michael BehrensHTML | Individual | Public comment | Oppose | Tightening | 3 | 201 |
| 5 | 2026-08-18 | Neil P. Osnato, Founder, Persistence Analytics Group LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 3 | 2837 |
| 6 | 2026-08-18 | Dale ParrottHTML | Individual | Public comment | Oppose | Loosening | 2 | 33 |
| 7 | 2026-08-18 | Isaac HendersonHTML | Individual | Public comment | Off-topic | n-a | 0 | 41 |
| 8 | 2026-08-19 | Carlos Soto, Founder, R3ference, Inc.HTML | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 5 | 816 |
| 9 | 2026-08-19 | Rabindranath Dikshit, Medical DoctorHTML | Individual | Public comment | Off-topic | n-a | 0 | 359 |
| 10 | 2026-08-19 | Robert RutkowskiHTML | Individual | Public comment | Oppose | Tightening | 4 | 491 |
| 11 | 2026-08-19 | Alon Cohen, Baton CorporationHTML | Crypto issuer / protocol / foundation | Public comment | Off-topic | n-a | 0 | 59 |
| 12 | 2026-08-19 | George Soros, Financial AdvisorHTML* | Individual | Public comment | Off-topic | n-a | 0 | 414 |
| 13 | 2026-08-19 | Trina CoreyHTML | Individual | Public comment | Procedural | n-a | 2 | 194 |
| 14 | 2026-08-19 | Tilden Moschetti, Esq.PDF | Legal practitioner or law firm | Public comment | Mixed | Tightening | 15 | 7132 |
| 15 | 2026-08-19 | AJ Schott, Founder, InvestedUSA.orgPDF | Trade association or advocacy - industry | Public comment | Conditional | Tightening | 7 | 842 |
| 16 | 2026-08-20 | Daniel Coviello Jr., CEO, Goliath Engineering Technology LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 5 | 2393 |
| 17 | 2026-08-20 | John WoodHTML | Individual | Public comment | Procedural | n-a | 2 | 90 |
| 18 | 2026-08-20 | Ryan Turner (CEO) and Amy Allgood (General Counsel), ARKONIX, Inc.PDF 2 signatories | Technology or infrastructure provider | Public comment | Conditional | Loosening | 6 | 9086 |
| 19 | 2026-08-20 | Anthony LoeraHTML | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 5 | 1802 |
| 20 | 2026-08-20 | Shane Hadden, Globefin.orgPDF | Individual | Public comment | Conditional | n-a | 2 | 1439 |
| 21 | 2026-08-20 | Michael RavnitzkyPDF | Individual | Public comment | Conditional | Loosening | 14 | 1869 |
| 22 | 2026-08-21 | Steven Pederzani, Founder, OzmiumPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Mixed-direction | 4 | 1143 |
| 23 | 2026-08-22 | Yan QingHTML | Crypto issuer / protocol / foundation | Public comment | Conditional | Tightening | 3 | 537 |
| 24 | 2026-08-23 | Professor Dr. WISITH TUN YHONGHTML | Individual | Public comment | Off-topic | n-a | 0 | 186 |
| 25 | 2026-08-23 | Delonte D. Kelly, Kelly Legacy InstitutePDF | Other institutional | Public comment | Conditional | Tightening | 4 | 4293 |
| 26 | 2026-08-23 | ChainpulseHTML | Individual | Public comment | Off-topic | n-a | 0 | 25 |
| 27 | 2026-08-23 | Kim Stock, Founder, Sovereign Stack InitiativePDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 3 | 708 |
| 28 | 2026-08-23 | Joyce LaRochelleHTML | Individual | Public comment | Off-topic | n-a | 0 | 99 |
| 29 | 2026-08-24 | Jerome James DartePDF | Crypto issuer / protocol / foundation | Not a comment | Off-topic | n-a | 0 | 4928 |
| 30 | 2026-08-24 | Sergey Kiklevich, Co-Founder & Chief Executive Officer, Beeezo,LLCPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 3 | 3228 |
| 31 | 2026-08-25 | Gregory Hauw, Ohanae, Inc. and Ohanae Securities LLCPDF 2 signatories | Crypto intermediary | Public comment | Conditional | Tightening | 6 | 3206 |
| 32 | 2026-08-25 | Dana Love, PhDPDF | Individual | Public comment | Mixed | Tightening | 4 | 3189 |
| 33 | 2026-08-25 | George Carrington II, Retail InvestorHTML | Individual | Public comment | Support | n-a | 1 | 125 |
| 34 | 2026-08-25 | Steven Sprague, CEO, Rivetz Corp. and Rivetz Intl. SEZCPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 7 | 6346 |
| 35 | 2026-08-26 | Amy Pearson, TrustLogicPDF | Technology or infrastructure provider | Public comment | Conditional | Clarifying | 5 | 4572 |
| 36 | 2026-08-26 | Carol Thompson SaucedaHTML | Individual | Public comment | Oppose | n-a | 1 | 80 |
| 37 | 2026-08-27 | Michael DeaconHTML | Individual | Public comment | Conditional | Loosening | 2 | 85 |
| 38 | 2026-08-27 | Kim Stock, Founder, Sovereign Stack InitiativePDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 2 | 958 |
| 39 | 2026-08-27 | Michael Zouari, Ariel UniversityPDF | Academic researcher - finance, accounting or economics | Public comment | Conditional | Tightening | 4 | 4539 |
| 40 | 2026-08-27 | Alejandro RodriguezHTML | Individual | Public comment | Off-topic | n-a | 0 | 184 |
| 41 | 2026-08-28 | AnonymousHTML | Individual | Public comment | Off-topic | n-a | 0 | 195 |
| 42 | 2026-08-29 | AnonymousPDF | Individual | Public comment | Conditional | Loosening | 2 | 396 |
| 43 | 2026-08-30 | Brendan JoyceHTML | Individual | Public comment | Conditional | Loosening | 3 | 1298 |
| 44 | 2026-09-01 | Beast Industries LLCPDF | Crypto issuer / protocol / foundation | Not a comment | Off-topic | n-a | 0 | 1892 |
| 45 | 2026-09-02 | Morgan HuttesHTML | Individual | Public comment | Support | As-proposed | 8 | 254 |
| 46 | 2026-09-02 | Julian Rory GilesHTML | Individual | Public comment | Oppose | Tightening | 2 | 55 |
| 47 | 2026-09-03 | Joon Kim, Founder, JK AdvisoryPDF | Legal practitioner or law firm | Public comment | Conditional | Loosening | 6 | 2307 |
| 48 | 2026-09-03 | Kevin Barnes, Chief Executive Officer, Immutifi, Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Loosening | 4 | 2657 |
| 49 | 2026-09-07 | Kim WalesPDF | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 8 | 4924 |
| 50 | 2026-09-09 | Andy Altahawi, Founder and Chief Executive Officer, Adamson Brothers/Directly ListedPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 12 | 3959 |
| 51 | 2026-09-09 | Rick LiuHTML | Individual | Public comment | Oppose | Tightening | 5 | 883 |
| 52 | 2026-09-10 | Michael D. Norman, Ph.D.PDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 4 | 7780 |
| 53 | 2026-08-31 | Jay WattsPDF | Individual | Public comment | Oppose | Tightening | 2 | 115 |
| 54 | 2026-09-10 | Andre JacksonHTML | Individual | Public comment | Conditional | Tightening | 4 | 1357 |
| 55 | 2026-09-11 | Steven Quinn SingletonHTML | Individual | Public comment | Conditional | Mixed-direction | 5 | 614 |
| 56 | 2026-09-11 | AnonymousHTML | Individual | Public comment | Off-topic | n-a | 0 | 49 |
| 57 | 2026-09-15 | Lee A. Schneider, General Counsel, Ava Labs, Inc.PDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 4 | 3966 |
| 58 | 2026-09-16 | Oliver E.HTML | Individual | Public comment | Conditional | Loosening | 2 | 647 |
| 59 | 2026-09-16 | Scott Moeller and Xiaomeng Zhou, American CryptoFedPDF 2 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 4 | 5102 |
| 60 | 2026-09-16 | Amadeus BrandesPDF | Individual | Public comment | Conditional | Clarifying | 2 | 4271 |
| 61 | 2026-09-16 | Gregory Hauw and James J. Verdone, Ohanae, Inc. and Ohanae Securities LLCPDF 2 signatories | Crypto intermediary | Public comment | Conditional | Mixed-direction | 5 | 3236 |
| 62 | 2026-09-16 | Wanda HickeyHTML | Individual | Public comment | Off-topic | n-a | 0 | 103 |
| 63 | 2026-09-18 | Dana Love, PhDPDF | Individual | Public comment | Conditional | Loosening | 3 | 3548 |
| 64 | 2026-09-21 | Kevin LiuHTML | Individual | Public comment | Conditional | Loosening | 4 | 513 |
| 65 | 2026-09-19 | Riho Vedler, CEO, DigitalTrade4.EUPDF | Other institutional | Public comment | Conditional | Clarifying | 3 | 1900 |
| 66 | 2026-09-16 | Troy MurrayPDF | Individual | Public comment | Conditional | Loosening | 5 | 2914 |
| 67 | 2026-09-16 | Adam AronHTML* | Individual | Public comment | Off-topic | n-a | 0 | 354 |
| 68 | 2026-09-23 | Samantha WhiteHTML | Individual | Public comment | Conditional | Clarifying | 2 | 270 |
| 69 | 2026-09-24 | Eric J. ReidHTML | Individual | Public comment | Off-topic | n-a | 0 | 45 |
| 70 | 2026-09-24 | Gabriel Shapiro, Founder and CEO, MetaLeX Labs, Inc.PDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 10 | 9803 |
| 71 | 2026-09-24 | AnonymousPDF | Individual | Public comment | Off-topic | n-a | 0 | 2165 |
| 72 | 2026-09-24 | MoolaMoolahHTML | Individual | Public comment | Conditional | Loosening | 4 | 244 |
| 73 | 2026-09-24 | Andres QuinteroPDF | Individual | Public comment | Conditional | Tightening | 7 | 1926 |
| 74 | 2026-09-24 | Parker McKinleyPDF | Individual | Public comment | Support | As-proposed | 5 | 806 |
| 75 | 2026-09-24 | Laurence KaplanHTML | Individual | Public comment | Off-topic | n-a | 0 | 148 |
| 76 | 2026-09-25 | Douglas Borthwick, Founder, The Insumer Model LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Clarifying | 2 | 932 |
| 77 | 2026-09-04 | Spencer Ward, Policy & Technology Director, Digital Infrastructure NetworkDOCX | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 8 | 3501 |
| 78 | 2026-09-25 | Luke Meagher, Undergraduate Accounting StudentDOCX | Individual | Public comment | Conditional | Loosening | 4 | 1271 |
| 79 | 2026-09-26 | MiCA Crypto AlliancePDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 5 | 9559 |
| 80 | 2026-09-28 | Rivetz Corp. and Rivetz Intl. SEZCPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | n-a | 2 | 2973 |
| 81 | 2026-09-29 | Robert H. Rose, Founder, Parameter Crypto LLCPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Tightening | 4 | 1341 |
| 82 | 2026-09-29 | Dr Evelyse Carvalho Ribas, Independent legal/tax adviser, Registered Foreign Lawyer, Dual Qualified Lawyer - Portugal & BrazilPDF | Legal practitioner or law firm | Public comment | Conditional | Tightening | 4 | 2480 |
| 83 | 2026-09-29 | Anthony Young, Executive Administrator Mountgomery County Government, MarylandHTML | Individual | Public comment | Procedural | n-a | 1 | 76 |
| 84 | 2026-09-29 | Ostrel Software LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Mixed-direction | 12 | 14074 |
| 85 | 2026-10-01 | Shawn SN, CEO, The Native Claim FirmPDF | Other institutional | Public comment | Conditional | Mixed-direction | 8 | 2014 |
| 86 | 2026-10-05 | Bo RedfearnHTML | Individual | Public comment | Conditional | Tightening | 9 | 819 |
| 87 | 2026-10-05 | Daniel James SchilzHTML | Individual | Public comment | Support | Loosening | 5 | 710 |
| 88 | 2026-10-05 | Neil P. Osnato, Founder, Persistence Analytics Group LLCHTML | Technology or infrastructure provider | Public comment | Conditional | Tightening | 2 | 556 |
| 89 | 2026-10-05 | Thomas Heaton Spitters, C.P.A., Consultant, AccountantPDF | Accountant, audit firm or accounting body | Public comment | Support | Mixed-direction | 6 | 3587 |
| 90 | 2026-10-05 | James Ryckman, Chief Executive Officer, Keystone Technology GroupPDF | Technology or infrastructure provider | Public comment | Conditional | Mixed-direction | 8 | 15107 |
| 91 | 2026-09-18 | Robert HimesHTML | Individual | Public comment | Off-topic | n-a | 0 | 441 |
| 92 | 2026-10-05 | Prashant Sharma, Founder, InfinilexPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 7 | 4031 |
| 93 | 2026-10-05 | AnonymousHTML | Individual | Public comment | Oppose | Loosening | 2 | 1480 |
| 94 | 2026-10-06 | Dana LovePDF | Individual | Public comment | Conditional | Tightening | 4 | 5727 |
| 95 | 2026-10-06 | Jade B.HTML | Individual | Public comment | Conditional | n-a | 2 | 164 |
| 96 | 2026-10-07 | Lee Saba, Head of Market Structure, Rialto Markets LLCPDF | Crypto intermediary | Public comment | Conditional | Clarifying | 3 | 1357 |
| 97 | 2026-10-07 | Bo RedfearnHTML | Individual | Public comment | Off-topic | n-a | 0 | 857 |
| 98 | 2026-10-07 | John Coates, John C. Coffee, Jr., James D. Cox, Merritt B. Fox, and Joel SeligmanPDF 5 signatories | Academic researcher - law | Public comment | Oppose | Tightening | 6 | 3913 |
| 99 | 2026-10-07 | Robert H. Rose, Founder, Parameter Crypto LLCPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | n-a | 2 | 1150 |
| 100 | 2026-10-07 | Nilmini Rubin, Chief Policy Officer and Gregory Schneider, General Counsel, Hedera Hashgraph, LLCPDF 2 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 3 | 1142 |
| 101 | 2026-10-08 | Anthony Scaramucci, Founder and Managing Partner, SkyBridge Capital II, LLCPDF* | Traditional financial institution or market infrastructure | Public comment | Conditional | Loosening | 10 | 2031 |
| 102 | 2026-10-09 | VeloxVFX LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 5 | 4162 |
| 103 | 2026-10-09 | Kevin LiuHTML | Individual | Public comment | Conditional | Loosening | 4 | 552 |
| 104 | 2026-10-10 | John Jackson, Independent Crypto Regulatory ResearcherHTML | Individual | Public comment | Conditional | Tightening | 4 | 1802 |
| 105 | 2026-10-12 | Michael Bomhoff, Chain Of Title LLCPDF | Other institutional | Public comment | Off-topic | n-a | 0 | 1146 |
| 106 | 2026-10-12 | Lee Schneider, General Counsel, Ava Labs, Inc.PDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 2 | 3956 |
| 107 | 2026-10-12 | Michael Bomhoff, Chain Of Title LLCPDF | Other institutional | Public comment | Off-topic | n-a | 0 | 1330 |
| 108 | 2026-10-13 | Alexandra DamskerPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 8 | 6964 |
| 109 | 2026-10-14 | Lucas StuytPDF | Individual | Public comment | Conditional | Tightening | 6 | 657 |
| 110 | 2026-10-14 | Andre' M. Trahan, MBA, Founder, President, Doctoral Student in Financial ManagementHTML | Individual | Public comment | Support | As-proposed | 2 | 192 |
| 111 | 2026-10-15 | AnonymousPDF | Individual | Public comment | Conditional | Loosening | 2 | 1501 |
| 112 | 2026-10-15 | Mack Ma, Co-Founder, Chainx World Technology Limited; Matt Ma, Co-Founder, Chainx World Technology LimitedPDF 2 signatories | Other institutional | Public comment | Conditional | Mixed-direction | 6 | 1991 |
| 113 | 2026-10-15 | Davis Polk and Wardwell LLPPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 8 | 16908 |
| 114 | 2026-10-15 | Mark HopkinsHTML | Individual | Public comment | Conditional | Clarifying | 5 | 2065 |
| 115 | 2026-10-15 | Jorge Luis Quinones, Founder, Chainbolt Solutions LLCPDF | Individual | Public comment | Support | As-proposed | 6 | 415 |
| 116 | 2026-10-15 | Brian P. Christie, CEO, Brainsy Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 5 | 4426 |
| 117 | 2026-10-16 | James TyleeHTML | Individual | Public comment | Conditional | Mixed-direction | 6 | 562 |
| 118 | 2026-10-16 | Zeyuan Li, W-Axis LabHTML | Individual | Public comment | Conditional | Tightening | 3 | 874 |
| 119 | 2026-10-16 | Troy Murray, Chief Executive Officer, Graviton Inc., and Co-Founder, BarnBridge DAOPDF | Individual | Public comment | Conditional | Loosening | 7 | 10259 |
| 120 | 2026-10-16 | Alexandre Kech, CEO, Global Legal Entity Identifier Foundation (GLEIF)PDF | Other institutional | Public comment | Conditional | Tightening | 2 | 1999 |
| 121 | 2026-10-16 | Paul H. Jossey, Principal Attorney, Jossey PLLCPDF | Legal practitioner or law firm | Public comment | Mixed | Loosening | 17 | 10222 |
| 122 | 2026-10-16 | Michael J. Canning, Principal, LXR GroupPDF | Individual | Public comment | Oppose | Tightening | 6 | 2247 |
| 123 | 2026-10-16 | Chainalysis Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 8 | 3607 |
| 124 | 2026-10-16 | Rose-Ivy J. Dunderdale, Founder, Owner, Dunderdale Holdings LLCHTML | Crypto intermediary | Public comment | Conditional | Loosening | 2 | 641 |
| 125 | 2026-10-16 | John Reed Stark Esq., John Reed Stark Consulting LLC; Lee Reiners, Duke Financial Economics CenterPDF 2 signatories | Academic researcher - law | Public comment | Oppose | Tightening | 13 | 33994 |
| 126 | 2026-10-16 | S.E. Brannon, Administrator, Action Committee for Crypto Clarity within the United States (“ACFCC”)PDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 4 | 1372 |
| 127 | 2026-10-17 | $PP Web3 Community Initiative, Independent Web3 Community Supporting 501(c)(3) Non-Profit Education via Automated Smart Contract DonationsPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | n-a | 2 | 1408 |
| 128 | 2026-10-17 | AnonymousHTML | Individual | Public comment | Conditional | Loosening | 2 | 564 |
| 129 | 2026-10-17 | Dr. Joel Hillier, Founder and CEO, Certisyn, Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 4 | 3434 |
| 130 | 2026-10-18 | Pavel Cherkashin, Independent ResearcherPDF | Individual | Public comment | Conditional | Clarifying | 3 | 1162 |
| 131 | 2026-10-18 | Yaya J. Fanusie, Global Head of Policy, Aleo Network FoundationPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Clarifying | 3 | 2003 |
| 132 | 2026-10-19 | Sayuri Ganesarajah, Head of Legal and Compliance, Hivemind Capital PartnersPDF | Traditional financial institution or market infrastructure | Public comment | Conditional | Loosening | 2 | 535 |
| 133 | 2026-10-19 | Certified Kernel Tech LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 8 | 3384 |
| 134 | 2026-10-19 | Brad Bourque, Senior Counsel, Hyperliquid Policy Center; Jake Chervinsky, Chief Executive Officer, Hyperliquid Policy CenterPDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 6 | 5379 |
| 135 | 2026-10-19 | Evelyse Carvalho RibasPDF | Legal practitioner or law firm | Public comment | Conditional | n-a | 2 | 3283 |
| 136 | 2026-10-19 | Jason Meyers, Lead Architect, Auditchain Labs AGPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 11 | 21652 |
| 137 | 2026-10-19 | Blaine Casey, Organizer, MicroAi DAO (Wyoming DAO LLC)HTML | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 5 | 856 |
| 138 | 2026-10-19 | Michael Goodwin, Chief Financial and Operating Officer, SQE Holdings LLCPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 2 | 491 |
| 139 | 2026-10-19 | Jiří Król, Deputy CEO, Global Head of Government Affairs, AIMAPDF | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 13 | 3101 |
| 140 | 2026-10-19 | Patrick DaughertyPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 11 | 4193 |
| 141 | 2026-10-19 | David Weisberger, Co-Founder, Board Member, CoinRoutesPDF | Individual | Public comment | Conditional | Tightening | 8 | 3553 |
| 142 | 2026-10-19 | Oscar A. Jofre, Co-Founder, CEO, Kore US Inc.; Dr. Kiran Garimella, Co-Founder, CTO/CSO, Kore US Inc.PDF 2 signatories | Technology or infrastructure provider | Public comment | Conditional | Mixed-direction | 12 | 5199 |
| 143 | 2026-10-19 | Elisa Obillo CPA, Chair, Virginia Society of CPAs Accounting & Auditing Advisory CommitteePDF | Accountant, audit firm or accounting body | Public comment | Conditional | Tightening | 6 | 1248 |
| 144 | 2026-10-19 | Cayetana Santaolalla, Associate Professor of Private International LawPDF | Academic researcher - law | Public comment | Conditional | Mixed-direction | 7 | 4082 |
| 145 | 2026-10-19 | Eva Jovanova, Product Manager, Enoda Ltd.PDF | Technology or infrastructure provider | Public comment | Conditional | Loosening | 5 | 1773 |
| 146 | 2026-10-01 | Dr. Darrell L. Young, P.E.PDF | Individual | Public comment | Conditional | Clarifying | 2 | 974 |
| 147 | 2026-10-14 | William A. Jacobson, Esq., Clinical Professor of Law Director, Cornell Securities Law Clinic; Robert L. Baucom, Cornell Law School, Class of 2028; Andrew R. Davis, Cornell Law School, Class of 2027PDF 3 signatories | Academic researcher - law | Public comment | Conditional | Mixed-direction | 8 | 3557 |
| 148 | 2026-10-19 | Alex Martinez, Independent Crypto Research AnalystPDF | Individual | Public comment | Conditional | Clarifying | 2 | 356 |
| 149 | 2026-10-19 | Sherwood Neiss, Chief Executive Officer, GUARDD, Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Mixed-direction | 8 | 12034 |
| 150 | 2026-10-19 | Johanna Collins-Wood, General Counsel, U.S. Asset Management, Bitwise Asset ManagementPDF | Traditional financial institution or market infrastructure | Public comment | Conditional | Loosening | 2 | 8618 |
| 151 | 2026-10-19 | Sarah E. Aberg, Chief Legal Officer, Nova Labs, Inc.PDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 5 | 6626 |
| 152 | 2026-10-19 | James Lefler, Retail Digital Asset InvestorHTML | Individual | Public comment | Conditional | Tightening | 6 | 360 |
| 153 | 2026-10-19 | Tokenization SystemsPDF | Other institutional | Public comment | Conditional | Tightening | 4 | 8202 |
| 154 | 2026-10-19 | Wall Street Blockchain Alliance; Sonia Goklani, President, ClearTrack; Josh Klayman, Member, WSBA Board of Directors; Chair, WSBA Legal Working Group; Adam Goldberg, Chair, WSBA Institutional DeFi Working Group; Dina Soliman, Associate, WSBA; Philip Berg, Partner, Otterbourg PC; David Brill, Founder,Brill Advisors; Chair, WSBA Cryptoasset Working Group; Tyler Harttraft, Partner, Bull Harttraft LLP; Ron Quaranta, Founder & CEO, WSBAPDF 8 signatories | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 12 | 4528 |
| 155 | 2026-10-19 | Alec SnellingHTML | Individual | Public comment | Conditional | Tightening | 5 | 519 |
| 156 | 2026-10-19 | Amy Pearson, Founder, TrustLogicPDF | Technology or infrastructure provider | Public comment | Conditional | Clarifying | 3 | 9407 |
| 157 | 2026-10-19 | DTI FoundationPDF | Other institutional | Public comment | Conditional | Tightening | 4 | 1117 |
| 158 | 2026-10-20 | Richard Gibbons, Founder, ReguMetricHTML | Technology or infrastructure provider | Public comment | Conditional | Tightening | 4 | 462 |
| 159 | 2026-10-20 | Wasim Ahmad, Chief Crypto Officer, Vault12, Inc.PDF 2 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 7 | 7964 |
| 160 | 2026-10-20 | John A. Zecca, Executive Vice President, Global Chief Legal, Risk & Regulatory Officer, Nasdaq, Inc.PDF | Traditional financial institution or market infrastructure | Public comment | Support | As-proposed | 5 | 2964 |
| 161 | 2026-10-20 | Dennis J. McGowan, Vice President, Professional Practice, Center for Audit QualityPDF | Accountant, audit firm or accounting body | Public comment | Conditional | Tightening | 4 | 1886 |
| 162 | 2026-10-20 | Kurt Thomas Tett, Founder, MUDRA, Founder and Sole Member, True North Transport LLCHTML | Crypto issuer / protocol / foundation | Public comment | Conditional | Mixed-direction | 7 | 1361 |
| 163 | 2026-10-20 | Brian Laverdure, SVP, Digital Assets and Innovation Policy, Independent Community Bankers of America (ICBA)PDF | Trade association or advocacy - industry | Public comment | Conditional | Tightening | 6 | 2421 |
| 164 | 2026-10-20 | Avinesh Reddy, Chief Executive Officer, InsimbiHTML | Crypto intermediary | Public comment | Conditional | Loosening | 5 | 312 |
| 165 | 2026-10-20 | Public CitizenPDF | Investor-protection advocacy organization | Public comment | Oppose | Tightening | 7 | 1060 |
| 166 | 2026-10-20 | David Bleznak, Founding Partner, Draper Goren Blockchain Studio, LLC; David Rankin, Chief Operating, Draper Goren Blockchain Studio, LLC; Alon Goren, Founding Partner, Draper Goren Blockchain Studio, LLCPDF 3 signatories | Crypto investor or venture fund | Public comment | Conditional | Loosening | 6 | 4035 |
| 167 | 2026-10-20 | Global Digital Finance (GDF)PDF | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 12 | 4323 |
| 168 | 2026-10-20 | Divij Pandya, Executive Director, Pretty Good Policy for ZcashPDF | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 4 | 1831 |
| 169 | 2026-10-20 | Sarah W. Chen, Partner, Cahill Gordon & Reindel LLP; Lewis Rinaudo Cohen, Partner, Cahill Gordon & Reindel LLPPDF 2 signatories | Legal practitioner or law firm | Public comment | Conditional | Loosening | 12 | 14208 |
| 170 | 2026-10-20 | Anya Coverman, President, CEO, Institute for Portfolio AlternativesPDF | Trade association or advocacy - industry | Public comment | Support | As-proposed | 3 | 875 |
| 171 | 2026-10-20 | Felicity A. Lewis, General Counsel and Corporate Secretary, Amalgamated Token Services, Inc.PDF | Crypto intermediary | Public comment | Conditional | Loosening | 4 | 2648 |
| 172 | 2026-10-20 | Jeff Martinez, CRPC®, Founder, Treveri Capital LLCPDF | Individual | Public comment | Conditional | Tightening | 3 | 2334 |
| 173 | 2026-10-20 | Sushant Kumar, Co-founder, VandergridHTML | Crypto intermediary | Public comment | Conditional | Tightening | 3 | 582 |
| 174 | 2026-10-20 | Michael Ippolito, Co-Founder, Blockworks, Inc.; Jason Yanowitz, Co-Founder, Blockworks, Inc.PDF 2 signatories | Technology or infrastructure provider | Public comment | Conditional | Mixed-direction | 7 | 10644 |
| 175 | 2026-10-20 | Doltech, LLC; JUK RewardsPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 7 | 6705 |
| 176 | 2026-10-20 | Dan Nuñez Cohen, SVP, Head of Legal - North America, Head of Policy - North America, Crypto.comPDF | Crypto intermediary | Public comment | Conditional | Loosening | 4 | 3493 |
| 177 | 2026-10-20 | Sarah E. Aberg , Chief Legal Officer, Noval Labs, Inc.PDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 5 | 6626 |
| 178 | 2026-10-20 | Troy Murray, Chief Executive Officer, Graviton Inc., and Co-Founder, BarnBridge DAOPDF | Individual | Public comment | Conditional | Loosening | 5 | 2084 |
| 179 | 2026-10-20 | Kurt N. Schacht, JD, CFA, Senior Advisor, CFA Institute Research and Policy Center ; Fan Yang , Affiliate Researcher, Capital Markets , CFA Institute Research and Policy Center; Olivier Fines, Head of Advocacy, Capital Markets Policy , CFA Institute Research and Policy CenterPDF 3 signatories | Investor-protection advocacy organization | Public comment | Conditional | Tightening | 6 | 3121 |
| 180 | 2026-10-20 | Joanna Mallers, Secretary, PTGPDF | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 6 | 5172 |
| 181 | 2026-10-20 | Arifa Khan, Independent ResearcherPDF | Individual | Public comment | Conditional | Clarifying | 3 | 888 |
| 182 | 2026-10-20 | Young Kim, Chief Financial Officer and Chief Operating Officer, Bitmine Immersion Technologies, Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Clarifying | 4 | 2831 |
| 183 | 2026-10-20 | Benjamin L. Schiffrin, Director of Securities Policy, Better Markets Inc.PDF | Investor-protection advocacy organization | Public comment | Oppose | Tightening | 8 | 6051 |
| 184 | 2026-10-20 | Jonathan Jachym, Chief Policy Officer, Payward, Inc.PDF | Crypto intermediary | Public comment | Conditional | Loosening | 5 | 1856 |
| 185 | 2026-10-20 | Brian Nistler, Head of Policy, Uniswap LabsPDF 2 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 5 | 3317 |
| 186 | 2026-10-20 | Adam Sternbach, VP, Legal, Yuma Holdings, LLCPDF | Crypto investor or venture fund | Public comment | Conditional | Loosening | 7 | 9618 |
| 187 | 2026-10-20 | Joshua Garcia, Outside General Counsel, Hawkeye Digital, Inc.; David Wachsman, President, Hawkeye Digital, Inc.PDF 2 signatories | Other institutional | Public comment | Conditional | Loosening | 6 | 3844 |
| 188 | 2026-10-20 | N. John Bey, President, American Association for JusticePDF | Investor-protection advocacy organization | Public comment | Oppose | Tightening | 7 | 1839 |
| 189 | 2026-10-20 | Joseph R. Wojciechowski, Executive Vice-President, Public Investors Advocate Bar Association; Michael C. Bixby, President, Public Investors Advocate Bar AssociationPDF 2 signatories | Investor-protection advocacy organization | Public comment | Oppose | Tightening | 13 | 17078 |
| 190 | 2026-10-20 | Deborah McCrimmon, Deputy General Counsel, RipplePDF 3 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 7 | 9016 |
| 191 | 2026-10-20 | Karen E. Ubell, Goodwin Procter LLPPDF | Legal practitioner or law firm | Public comment | Conditional | As-proposed | 5 | 4450 |
| 192 | 2026-10-20 | James PreisslerHTML | Individual | Public comment | Conditional | Tightening | 7 | 597 |
| 193 | 2026-10-20 | Miller Whitehouse-Levine, CEO, Solana Policy Institute; Patrick Wilson, General Counsel, Solana Policy InstitutePDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 12 | 11532 |
| 194 | 2026-10-20 | Stefan Schropp, Senior Regulatory Policy, Paradigm Operations LPPDF | Crypto investor or venture fund | Public comment | Conditional | Loosening | 4 | 3188 |
| 195 | 2026-10-20 | William F. Galvin, Secretary of the Commonwealth of MassachusettsPDF | State securities regulator / NASAA / state attorney general | Public comment | Oppose | Tightening | 9 | 2408 |
| 196 | 2026-10-20 | Stuart Alderoty, President, National Cryptocurrency AssociationPDF | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 17 | 27601 |
| 197 | 2026-10-20 | Kenneth E. Bentsen, Jr., CEO and President, Securities Industry and Financial Markets AssociationPDF | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 8 | 8285 |
| 198 | 2026-10-20 | Julie Lascar, Policy & Government Affairs, Digital Asset HoldingsPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 2 | 1868 |
| 199 | 2026-10-20 | Thania Charmani, Partner, Winston Taylor, on behalf of The Digital Chamber (“TDC”)PDF | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 15 | 18886 |
| 200 | 2026-10-20 | Campbell Pryde, President and CEO, XBRL USPDF | Other institutional | Public comment | Conditional | Tightening | 5 | 6585 |
| 201 | 2026-10-20 | Gabor Gurbacs, Chairman, CEO, OpenAssetsPDF | Technology or infrastructure provider | Public comment | Conditional | Loosening | 6 | 1536 |
| 202 | 2026-10-20 | Elizabeth Bowling, President, North American Securities Administrators Association, Inc.PDF | State securities regulator / NASAA / state attorney general | Public comment | Oppose | Tightening | 12 | 7257 |
| 203 | 2026-10-20 | Candace Kelly, Chief Legal and Policy Officer, Stellar Development Foundation; Nicolas Jacquemart, Chief Legal Officer, Cardano Foundation; Benjamin Sherwin, General Counsel, Chainlink Labs; Alex Mittendorf, General Counsel, Aptos Labs; Lee A. Schneider, General Counsel, Ava Labs, Inc.; Nilmini Rubin, Chief Policy Officer, Hedera Hashgraph, LLC; Lee A. Schneider, General Counsel, Ava Labs, Inc.PDF 6 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 3 | 1631 |
| 204 | 2026-10-20 | Max Raymond, Director of Financial Policy, Chamber of ProgressPDF | Trade association or advocacy - industry | Public comment | Conditional | Clarifying | 5 | 1130 |
| 205 | 2026-10-20 | E. K. Ruggeri, Graduate researcher, Interdisciplinary Studies, University of New BrunswickPDF | Individual | Public comment | Conditional | Tightening | 4 | 2752 |
| 206 | 2026-10-20 | Ashok Pinto, Executive Vice President, Legal and Government Relations, Blockchain Association; Jack Solowey, Senior Counsel , Policy and Regulatory Affairs, Blockchain AssociationPDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 18 | 18475 |
| 207 | 2026-10-20 | Julie Stitzel, Chief Policy Officer, Digital Currency Group, Inc.PDF | Crypto investor or venture fund | Public comment | Conditional | Loosening | 8 | 6217 |
| 208 | 2026-10-20 | Coinbase Global, Inc.PDF 2 signatories | Crypto intermediary | Public comment | Mixed | Loosening | 14 | 13935 |
| 209 | 2026-10-20 | Tim Rice, Head of Revenue, Data Sales / BD, Boston, Talos TradingPDF | Technology or infrastructure provider | Public comment | Conditional | Tightening | 5 | 3972 |
| 210 | 2026-10-20 | Letitia James, New York State Attorney GeneralPDF* | State securities regulator / NASAA / state attorney general | Public comment | Oppose | Tightening | 11 | 7011 |
| 211 | 2026-10-20 | KC Mohseni, Commissioner, California Department of Financial Protection and InnovationPDF | State securities regulator / NASAA / state attorney general | Public comment | Oppose | Tightening | 3 | 1589 |
| 212 | 2026-10-20 | Candace Kelly, Chief Legal and Policy Officer, Stellar Development FoundationPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 4 | 2531 |
| 213 | 2026-10-20 | GVRNPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 6 | 1735 |
| 214 | 2026-10-20 | Amanda Tuminelli , Chief Executive Officer & Chief Legal Officer, DeFi Education Fund; Ayana Dow, Senior Counsel, DeFi Education FundPDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 3 | 2072 |
| 215 | 2026-10-20 | Anonymous, U.S. Retail InvestorHTML | Individual | Public comment | Support | n-a | 1 | 158 |
| 216 | 2026-10-20 | Scott Walker, Chief Compliance Officer, Andreessen Horowitz; Jai Ramaswamy, Chief Legal Officer, Andreessen Horowitz; Miles Jennings, Head of Policy & General Counsel, a16z crypto, Andreessen Horowitz; Michele R. Korver, Head of Regulatory, a16z crypto, Andreessen HorowitzPDF 4 signatories | Crypto investor or venture fund | Public comment | Conditional | Mixed-direction | 15 | 24398 |
| 217 | 2026-10-20 | Douglas RohdeHTML | Individual | Public comment | Conditional | Loosening | 4 | 711 |
| 218 | 2026-10-20 | Ji Hun Kim, Chief Executive Officer, Crypto Council for Innovation; George S. Leonardo, Policy Counsel, Crypto Council for InnovationPDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Loosening | 14 | 12249 |
| 219 | 2026-10-20 | Suhaas Penubarthi, Junior at Newark Academy, Founding Leader, Newark Academy Cryptocurrency ClubPDF | Individual | Public comment | Off-topic | n-a | 0 | 1132 |
| 220 | 2026-10-20 | Christopher AndradeHTML | Individual | Public comment | Conditional | Tightening | 3 | 252 |
| 221 | 2026-10-20 | Brian Belley, President, Crowdfunding Professional Association (CfPA)PDF | Trade association or advocacy - industry | Public comment | Conditional | Tightening | 11 | 7759 |
| 222 | 2026-10-20 | Monica Brady, Founder and CEOHTML | Individual | Public comment | Support | n-a | 1 | 306 |
| 223 | 2026-10-20 | Timothy J. White, Jr., Associate General Counsel, Investment Company InstitutePDF | Trade association or advocacy - industry | Public comment | Conditional | Tightening | 4 | 1372 |
| 224 | 2026-10-20 | Yoon Soo Shin, Associate General Counsel, Dragonfly Digital Management, LLC ; Rob Hadick, General Partner, Dragonfly Digital Management, LLC; Lindsay Lin, Chief Operating Officer, Dragonfly Digital Management, LLC; Bryan Edelman, Associate General Counsel, Dragonfly Digital Management, LLCPDF 4 signatories | Crypto investor or venture fund | Public comment | Conditional | Loosening | 6 | 2709 |
| 225 | 2026-10-20 | Adam P. Rusch, PhD, Teaching Assistant Professor of Information Sciences, University of Illinois Urbana-ChampaignPDF | Individual | Public comment | Conditional | Mixed-direction | 5 | 7816 |
| 226 | 2026-10-20 | Christopher Robins, General Counsel, Morpho AssociationPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 2 | 2744 |
| 227 | 2026-10-20 | Orlando Cosme, Founder and Managing Member, Cosme LLCPDF | Legal practitioner or law firm | Public comment | Conditional | Loosening | 13 | 8444 |
| 228 | 2026-10-20 | Michael ChungPDF | Individual | Public comment | Conditional | Clarifying | 3 | 1424 |
| 229 | 2026-10-20 | Decentralization Research CenterPDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 9 | 18258 |
| 230 | 2026-10-20 | Multicoin Capital Management, LLCPDF 3 signatories | Crypto investor or venture fund | Public comment | Conditional | Loosening | 10 | 23785 |
| 231 | 2026-10-20 | Wenyi Huang, President, Mercatus AI Inc.PDF | Technology or infrastructure provider | Public comment | Conditional | Clarifying | 4 | 717 |
| 232 | 2026-10-20 | Decentralization Research CenterPDF 2 signatories | Trade association or advocacy - industry | Public comment | Conditional | Mixed-direction | 15 | 53607 |
| 233 | 2026-10-20 | Dr. Tripti Prasad Thakur, Law Clerk, Rose Bowlus Law APCPDF | Legal practitioner or law firm | Public comment | Conditional | Mixed-direction | 11 | 2407 |
| 234 | 2026-10-21 | Americans for Financial Reform Education Fund (AFREF)PDF | Investor-protection advocacy organization | Public comment | Oppose | Tightening | 8 | 11193 |
| 235 | 2026-10-21 | Sara HanksPDF | Legal practitioner or law firm | Public comment | Mixed | Tightening | 13 | 5199 |
| 236 | 2026-10-21 | Penny Somer-Greif, Chair, Committee on Securities Law of the Business Law Section of the Maryland State Bar AssociationPDF | Legal practitioner or law firm | Public comment | Conditional | Tightening | 4 | 1331 |
| 237 | 2026-10-21 | Johanna Collins-Wood, General Counsel, U.S. Asset Management, Bitwise Asset Management, Inc.PDF | Crypto investor or venture fund | Public comment | Conditional | Loosening | 3 | 6723 |
| 238 | 2026-10-14 | Robert H. Rose, Founder, Parameter Crypto LLCPDF | Crypto issuer / protocol / foundation | Public comment | Conditional | Mixed-direction | 5 | 1030 |
| 239 | 2026-10-20 | Andreas Park, Professor of Finance, University of Toronto; Katya Malinova, Associate Professor of Finance, DeGroote School of Business, McMaster UniversityPDF 2 signatories | Academic researcher - finance, accounting or economics | Public comment | Conditional | Clarifying | 3 | 774 |
| 240 | 2026-10-20 | Andrew M. Langer, President, Main Street FoundationPDF | Other institutional | Public comment | Conditional | Tightening | 15 | 7418 |
| 241 | 2026-10-21 | Robert E. RutkowskiHTML | Individual | Public comment | Conditional | Tightening | 6 | 2076 |
| 242 | 2026-10-21 | Skadden, Arps, Slate, Meagher & Flom LLPPDF | Legal practitioner or law firm | Public comment | Conditional | Loosening | 4 | 2277 |
| 243 | 2026-10-20 | Christine Parker, Deputy General Counsel, Product, and Corey Then, Deputy General Counsel, Regulatory Strategy and Global Policy, Circle Internet Group, Inc.PDF 2 signatories | Crypto issuer / protocol / foundation | Public comment | Conditional | Loosening | 4 | 1913 |
| 244 | 2026-10-27 | AnonymousHTML | Individual | Public comment | Conditional | Loosening | 4 | 358 |
| 245 | 2026-10-27 | Devin D. Thorpe, Founder and CEO, The Super Crowd, Inc.PDF | Other institutional | Public comment | Conditional | n-a | 3 | 1093 |
| 246 | no date | Form letter Type B (APES)PDF 5 signatories | Organized retail campaign | Form letter | Conditional | n-a | 3 | 91659 |
| 247 | 2026-10-28 | Nick Tommarello, Founder and CEO, Wefunder Inc.PDF | Crypto intermediary | Public comment | Conditional | n-a | 2 | 2217 |
| 248 | 2026-10-20 | Elissa Germaine Esq., Supervising Attorney, St. Vincent DePaul Legal Program, Inc., Securities Arbitration Clinic, St. John’s University School of Law; Ashlee Harding, Student Intern, St. Vincent DePaul Legal Program, Inc., Securities Arbitration Clinic, St. John’s University School of Law; Julia Berkowitz, Student Intern, St. Vincent DePaul Legal Program, Inc., Securities Arbitration Clinic, St. John’s University School of Law; Christine Lazaro Esq., Supervising Attorney, St. Vincent DePaul Legal Program, Inc., Securities Arbitration Clinic, St. John’s University School of Law; Owen Matthews, Student Intern, St. Vincent DePaul Legal Program, Inc., Securities Arbitration Clinic, St. John’s University School of LawPDF 5 signatories | Academic researcher - law | Public comment | Conditional | Tightening | 3 | 3843 |
| 249 | 2026-11-02 | Emmanuel AsamoahPDF | Individual | Public comment | Conditional | Mixed-direction | 7 | 5702 |
Letter 2: The docket row for this item carries no date, so its position in the chronological numbering is arbitrary. Letter 246: The docket row for this item carries no date, so its position in the chronological numbering is arbitrary.
Click any column heading to sort by it; click again to reverse; the heading row stays put as you scroll. The commenter name links to the source document on sec.gov, marked with its file type, and the number in the first column links to the evidence behind that letter’s coding. A form letter is one row, with its signatory count beside the name. A name marked * is filed under the name of a widely known person. Every name is shown as it appears on the SEC comment file; the tracker does not verify who wrote a letter and reports only what the letter says.