Dear Arkansas Securities Department,

I am writing as a concerned Arkansas resident and taxpayer regarding the current regulatory environment that prohibits innovative companies like Fold from offering Bitcoin purchasing services in our state.

These restrictions—rooted in outdated licensing requirements under the Uniform Money Services Act—are a stark example of regulatory overreach. They not only limit the financial freedom of individual Arkansans but also stifle technological advancement, entrepreneurship, and outside investment. In a state where economic opportunities are already scarce, this kind of heavy-handed policy sends a clear message: Arkansas is closed to the future.

While other states are moving forward, embracing Bitcoin and digital assets as part of a modern financial ecosystem, we remain stuck—held back by bureaucracy. It’s no wonder Arkansas continues to rank among the poorest states in the nation. Overregulation like this is not just a barrier to progress—it is a recipe for economic decay.

Please reconsider these restrictive policies and open the door for Arkansans to participate fully in the global digital economy.