Debate Over Crypto Token Classification
At the roundtable, participants discussed whether crypto tokens should fall under existing securities laws or be governed by a new, separate regulatory framework. Some industry leaders argued that digital assets like Ethereum are fundamentally different from traditional equities such as Apple stock. Miles Jennings, general counsel for Andreessen Horowitz’s crypto arm (a16z), emphasized the need for a technology-neutral approach, urging the SEC to focus on the unique characteristics of blockchain systems, rather than forcing them into outdated legal definitions designed for traditional financial instruments.
