BlackRock and SEC Discuss Crypto ETFs, Staking, Tokenization
The meeting comes amid a bullish wave in the crypto market, fueled by a new U.S.-U.K. trade deal and Bitcoins return to $100,000 for the first time since February.
Key Topics: Staking Staking involves actively participating in transaction validation (similar to mining) on a PoS-based blockchain. Users who hold the minimum required balance of a specific cryptocurrency can validate transactions and earn rewards. These rewards are set by the network and are then sent to the users wallet.
According to notes from the meeting request, BlackRock and SEC officials examined:
- Staking regulations and how staking products might be treated under U.S. securities law
- Tokenization frameworks, including regulatory pathways to support asset-backed tokens
- Exchange-traded product (ETP) approval standards, likely in reference to BlackRocks existing and planned crypto ETFs
- The future of options trading on exchange-traded crypto products
BlackRock was represented by Benjamin Tecmire, Head of Regulatory Affairs, and Robert Mitchnick, Head of Digital Assets. The meeting reflects the asset managers continued push to deepen its role in the digital asset spaceand signals the SECs evolving approach to engaging with major institutions pursuing crypto innovation.
Regulatory Momentum Builds
The discussion highlights the SEC Crypto Task Forces increasing willingness to interact with industry leaders, even as regulatory clarity on staking, tokenization, and ETF pathways remains under development. For BlackRock, the talks further cement its position at the forefront of institutional crypto adoption.
The post BlackRock and SEC Discuss Crypto ETFs, Staking, Tokenization appeared first on Coindoo.
Read more: https://coindoo.com/blackrock-and-sec-discuss-crypto-etfs-staking-tokenization/
Text source: Coindoo
