BlackRock held a meeting with the U.S. Securities and Exchange Commission (SEC) to address significant crypto regulatory issues, including rules for exchange-traded products (ETPs), staking, and tokenization.
Discussion on Crypto ETP Rules
During the meeting held on May 9, BlackRock representatives discussed the potential integration of staking features into crypto ETPs. The focus was on balancing investor protection with innovative approaches. The firm also sought clarity on position setting and limits for crypto ETFs.
Tokenization and Compliance
BlackRock raised questions about tokenization and requested feedback on how to integrate tokenized assets into the federal securities framework. Tokenization involves representing real-world assets as digital tokens on blockchain networks.
BlackRock's Growing Presence in the Crypto Industry
Highlighting its increased presence in the crypto sector, BlackRock disclosed $5.4 billion in bitcoin-related equities in its Q1 2025 filing. The firm also reported $32 million in revenue from its Bitcoin Trust during the same period.
The BlackRock and SEC meeting emphasizes the importance of dialogue between the crypto business and regulators, creating potential for new legal frameworks and innovative products in the cryptocurrency space.
