With changing regulatory trends, the US SEC has held its 99th industry meeting with BlackRock to hold key crypto discussions.

American investment giant BlackRock Inc. met with the Crypto Task Force, a new unit of the US Securities and Exchange Commission (SEC).

The meeting centered around a growing pain point in the digital currency ecosystem as the market regulator gradually changes years of regulation through enforcement tactics. After the meeting, the investment company shared the main topics of discussion.

US SEC and BlackRock meeting: five key highlights

It is worth noting that, according to the circular circulating on CryptoX, the asset manager requested the meeting.

The first item on both institutions' agendas was a review of the BlackRock digital assets product suite.

The firm's products include iShares Bitcoin Trust (IBIT), iShares Ethereum Trust (ETHA), and its tokenization product BUIDL.

Moving on, the pair also discussed staking, specifically the possibility of the US SEC allowing ETPs with staking capabilities.

It is worth noting that ETF issuers have since sought approval to participate in their respective offerings.

The regulator delayed its decision on the grayscale bid, reflecting its cautious stance on the product.

The two bodies also discussed tokenization and approval standards for future crypto ETPs.

While active Bitcoin and Ethereum ETF products exist in the United States, the comprehensive framework covering this space is vague.

Finally, BlackRock and the US SEC also discussed options for crypto ETFs. The discussion here includes exercise limits and limitations for the underlying securities, many of which have not been properly defined in the past.

According to Crypto In America founder Eleanor Terrett on X, this is the 99th commission between BlackRock and the regulator that it has held with industry participants since February.

This is considered a major change from previous administrations, when industry-focused events were rare.

Since then, Acting SEC Chairman Mark Ueda created the Crypto Task Force. The unit has held round table discussions with industry stakeholders.

Instead of a one-off event, the regulator has another roundtable scheduled for later this month, with plans to center the conversation around tokenization.

According to recent updates, SEC Commissioner Hester Peirce has indicated a possible tokenization exemption order.

This exemption targets mainstream traditional financial service providers, allowing them to tokenize products using distributed ledger technology (DLT).

With BlackRock's move, industry participants are largely watching how regulatory changes under SEC Chairman Paul Atkins will evolve in the coming years.

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