The largest asset supervisor on the earth met with the U.S. Securities and Alternate Fee (SEC) to debate a number of facets of its crypto market regulation.
In accordance with a brand new memo, asset administration big BlackRock met with the SEC Crypto Job Drive 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 Drive Employees 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 Drive, led by Commissioner Hester Peirce, was launched in January 2025 by then Performing Chairman Mark T. Uyeda to create clear crypto tips and supply life like 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 bought billions of {dollars} value 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 the moment has 620,252 BTC value about $64.327 billion.
IBIT, which was launched in January 2024, is at the moment the biggest BTC-based ETF and holds the document 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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