Blackrock discusses cryptocurrency regulation with the SEC to push for an urgent review of the rules.
Blackrock advocates for bold updates to cryptocurrency regulations at the SEC, highlighting urgent reforms regarding staking, tokenization, and ETFs to change the regulation of the digital asset market.
Blackrock's crypto strategy is shifting — the SEC is under pressure to rethink digital asset regulation.
On May 9, Blackrock, the world's largest asset manager, met with members of the SEC's cryptocurrency working group to discuss key regulatory issues facing the digital asset industry. The meeting, detailed in a memorandum published by the SEC, showed that Blackrock sought to initiate a dialogue on developing an approach to crypto products, including staking, tokenization, and the approval process for exchange-traded products (ETPs). According to the SEC:
The topic of discussion was approaches to addressing issues related to the regulation of crypto assets.
