The most important asset supervisor on the earth met with the U.S. Securities and Trade Fee (SEC) to debate a number of points of its crypto market regulation.
In accordance with a brand new memo, asset administration big 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 Employees met with representatives from BlackRock, Inc. The subject mentioned was approaches to addressing points associated to the regulation of crypto belongings.”
The SEC Crypto Job Pressure, led by Commissioner Hester Peirce, was launched in January 2025 by then Appearing Chairman Mark T. Uyeda to create clear crypto tips and supply real looking paths to registration.
Earlier this month, BlackRock, which has over $11 trillion below its administration, continued its growth into the world of digital belongings because it purchased 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 present has 620,252 BTC value about $64.327 billion.
IBIT, which was launched in January 2024, is at present 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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