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The growing excitement has taken the global cryptocurrency market's value above $3 trillion to a record high,
The U.S. Securities and Exchange Commission’s crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations.
Among the participants of the roundtable were John Reed Stark, former chief of the SEC’s Office of Internet Enforcement, Miles Jennings, the general counsel for Andreessen Horowitz’s crypto arm, a16z, and former SEC Commissioner Troy Paredes. Republican SEC Commissioner Hester Peirce is leading the task force, which is charged with developing rules and guidance for crypto.
“Spring signifies new beginnings and we have a new beginning here, a restart of the commission’s approach to crypto regulation,” said Peirce.
The crypto industry has long clashed with regulators over how federal securities laws translate to digital assets, with many arguing that crypto tokens are more akin to commodities. Tokens classified as securities would require firms to register with the SEC and provide certain disclosures to investors