The work team of the US Securities and Stock Exchange Committee (SEC) held its first general meeting with industry experts on Friday, indicating a possible shift in the coded currency regulations under the Trump administration.
The discussion focused on whether the current securities laws apply to digital assets and whether the separate regulatory framework is necessary.
The work squad, led by Republican Commissioner, Hester Peres, is assigned to develop new bases and directives for the encryption industry. “Spring indicates new beginnings, and we have a new start here – restarting the committee’s approach to the organization of encryption,” Pierce said during the round table.
Among the main participants was John Reed Stark, the former president of the Internet enforcement office at the Supreme Education Council; Miles Jennings, General Adviser to Andressen Horowitz’s Crypto Arm, A16Z; Former SEC Commissioner Troy Paridis. The discussion focuses on whether the distinctive codes of encryption should be organized as securities, which will require companies to register with SEC and provide investor disclosure.
The encryption industry has long argued that digital assets work like goods more than traditional securities. Jennings called for a “neutral technology” organizational approach, and to distinguish systems like Ethereum from stock ownership in companies such as Apple. However, SEC Democratic Commissioner Caroline Crinko warned against alleviating encrypted currency regulations, with a warning of potential risks on the wider financial markets.
The meeting comes at a time when President Donald Trump is moving to reflect the SEC campaign against encryption companies under the previous administration. SEC has filed a lawsuit against many companies, including Coinbase and Kraken, claiming to violate securities laws.
Since then, the new SEC leadership has withdrawn or stopped many of these cases.
In line with Trump pushing the broader policies of the Kripoto, the administration recently signed an executive order that creates a strategic reserve for cryptocurrencies and hosted the White House summit for industry leaders. With the development of the organizational scene, the encryption industry closely monitors how SEC balance innovation with investor protection.
