#SECCryptoRoundtable The task force on cryptocurrency of the American Securities and Exchange Commission (SEC) held its first public meeting on Friday. The topic was the application of securities law to digital assets.

The panel included John Reed Stark, former head of the SEC's Internet Enforcement Office, Miles Jennings, chief counsel for the cryptocurrency division at Andreessen Horowitz, a16z, and former SEC commissioner Troy Paredes. Republican SEC commissioner Hester Peirce leads the task force responsible for formulating rules and guidelines for the cryptocurrency sector.

Peirce stated that the commission's approach to cryptocurrency regulation is undergoing a restart, symbolizing a new beginning.

Jennings advocated for a "technology-neutral" approach by the SEC, comparing the differences between a system like Ethereum and owning shares of Apple.

However, there were some concerns, including from Democratic SEC commissioner Caroline Crenshaw, about the regulator potentially easing regulations for cryptocurrencies by allowing them to operate under an exceptional regime. Crenshaw warned of the risk of changing the law in favor of a specific category of products, which would not only weaken regulatory protection for that category but could also trigger a negative domino effect in other areas of the market protected by the same regulations.