SEC Task Force Debates Crypto's Regulatory Future Under Trump

The SEC's crypto task force held a public meeting to discuss the application of securities laws to digital assets, amidst the Trump administration's efforts to overhaul crypto regulations. Key figures advocated for a new regulatory framework, sparking debate on the balance between innovation and regulation.

The U.S. Securities and Exchange Commission's dedicated crypto task force convened its inaugural public meeting with industry experts, focusing on the potential implications of securities laws on digital assets.

The Trump administration is pushing for regulatory reforms, following a perceived crackdown under Biden's presidency. This led to heated discussions on crafting a new legal framework for cryptocurrencies.

Participants like Miles Jennings and Republican Commissioner Hester Peirce advocated for a technology-neutral stance. However, concerns about diluting regulatory standards were raised by figures such as Commissioner Caroline Crenshaw, illustrating the challenges of nurturing innovation within existing legal structures.

(With inputs from agencies.)