The most important asset supervisor on this planet met with the U.S. Securities and Alternate Fee (SEC) to debate a number of points of its crypto market regulation.
Based on a brand new memo, asset administration large BlackRock met with the SEC Crypto Job Pressure to debate crypto staking, asset tokenization, the agency’s suite of digital asset merchandise, crypto exchange-traded product (ETP) approval requirements, in addition to choices on crypto ETPs.
“On Might ninth, 2025, Crypto Job Pressure Workers met with representatives from BlackRock, Inc. The subject mentioned was approaches to addressing points associated to the regulation of crypto property.”
The SEC Crypto Job Pressure, led by Commissioner Hester Peirce, was launched in January 2025 by then Performing Chairman Mark T. Uyeda to create clear crypto pointers and supply reasonable paths to registration.
Earlier this month, BlackRock, which has over $11 trillion beneath its administration, continued its growth into the world of digital property because it purchased billions of {dollars} price of Bitcoin (BTC), the highest crypto asset by market cap.
Information from Bitcoin Treasuries reveals that the iShares Bitcoin Belief (IBIT), BlackRock’s BTC-based exchange-traded fund (ETF), at present has 620,252 BTC price about $64.327 billion.
IBIT, which was launched in January 2024, is at present the most important BTC-based ETF and holds the document for probably the most profitable ETF launch in historical past.
Bitcoin is buying and selling for $103,213 at time of writing, a marginal improve over the past 24 hours.
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