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 keeping with a brand new memo, asset administration big BlackRock met with the SEC Crypto Activity Power 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 Activity Power 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 Activity Power, led by Commissioner Hester Peirce, was launched in January 2025 by then Appearing Chairman Mark T. Uyeda to create clear crypto tips and supply practical paths to registration.
Earlier this month, BlackRock, which has over $11 trillion beneath its administration, continued its enlargement into the world of digital belongings 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), 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 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 last 24 hours.
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