$BTC BlackRock is once again knocking on the SEC’s door! The world’s largest asset manager engaged in discussions with U.S. regulators about the future of crypto products. The conversation spanned crucial topics such as staking, tokenization, and exchange-traded funds (ETFs).

This marks the second encounter between BlackRock and the SEC within just over a month, highlighting the company’s determination to expand its footprint in the crypto realm. Already managing the iShares Bitcoin Trust, BlackRock is actively seeking approval for an Ethereum ETF and other digital asset funds.

In a meeting memo, BlackRock requested insights on structuring new crypto offerings in alignment with existing regulations. Additionally, the company provided documents illustrating the mechanics of its funds and potential adjustments needed for digital assets.

A significant focus of the discussion was staking. BlackRock is eager to understand how staking could be integrated into an ETF without violating securities laws. They even proposed that the SEC consider temporary guidelines while developing comprehensive long-term regulations.

This development comes at a time when the SEC appears to be adopting a more lenient approach under new leadership. Following Gary Gensler's departure, the agency has eased several enforcement actions and initiated conversations with an increasing number of crypto firms. #CryptoRegulation