#ILOVE$TRUMP President Donald Trump has promised to reverse the SEC’s previous crackdown on the crypto industry under former President Joe Biden. The Biden-era SEC had sued multiple crypto firms, including Coinbase and Kraken, alleging violations of securities laws. The SEC’s new leadership has agreed to withdraw or suspend many of those cases.

The task force on Friday discussed whether crypto tokens need a distinct regulatory framework separate from the one used for traditional securities like stocks. Jennings called for a “technology-neutral” approach, suggesting that systems like Ethereum should be treated differently from corporate equity.

Some members of the commission raised concerns about creating a separate set of rules for crypto. Democratic SEC Commissioner Caroline Crenshaw warned that loosening regulations for digital assets could undermine broader market protections.

“Modifying the law to facilitate the success of a chosen product category is fraught with risk,” Crenshaw said. “Risk not only of weakening regulatory protections for that category, but of creating the negative domino effect on other areas of the market protected by the same laws.”

The meeting comes as Trump’s administration moves to reshape cryptocurrency policies. Earlier this month, Trump signed an executive order to establish a strategic reserve of cryptocurrencies and hosted a summit with industry leaders at the White House, where he reinforced his administration’s support for the crypto industry. #ILOVETRUMP