The largest asset supervisor on the planet met with the U.S. Securities and Trade Fee (SEC) to debate a number of features of its crypto market regulation.
In keeping with a brand new memo, asset administration big BlackRock met with the SEC Crypto Process 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 Could ninth, 2025, Crypto Process Pressure Workers met with representatives from BlackRock, Inc. The subject mentioned was approaches to addressing points associated to the regulation of crypto belongings.”
The SEC Crypto Process 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 life like paths to registration.
Earlier this month, BlackRock, which has over $11 trillion underneath its administration, continued its growth into the world of digital belongings because it purchased billions of {dollars} price of Bitcoin (BTC), the highest crypto asset by market cap.
Knowledge from Bitcoin Treasuries reveals that the iShares Bitcoin Belief (IBIT), BlackRock’s BTC-based exchange-traded fund (ETF), presently has 620,252 BTC price about $64.327 billion.
IBIT, which was launched in January 2024, is presently the biggest BTC-based ETF and holds the report for essentially 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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