Friday, a delegation of BlackRock met the “Task Force Crypto” of the dry to discuss regulatory subjects. What was on the program?
Blackrock exchanged the dry on Crypto regulation
Last January, when Securities and Exchange (SEC) changed governance following the resignation of Gary Gensler, a “Task Force Crypto” was created to repair the errors of the past and try to provide a regulatory response adapted to the Blockchain industry.
Hester Peirce, the commission agent who took the lead of this working group, then expressed her intentions to meet the actors of the ecosystem, to collect concrete returns from the field and thus propose suitable treatments.
It is in this context that a delegation of Blackrock met the dry Crypto of the dry on Fridayto discuss 5 major points.
First, the asset manager discussed “market developments»Regarding his Etf Bitcoin and Ethereum that are Ibit and Etha, as well as his tokenized Buidl fund. Moreover, the question of ETF was a central point of this meeting, during which the standards on their approval were discussed, in order to optimize the regulatory course of issuers.
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About standards, the options on these Cryptos have been the subject of exchanges, in particular on “position limits” And “The liquidity thresholds of underlying assets».
Say goodbye to low returns: invest in ETF
To conclude with ETFs, Another flagship subject of this meeting was stuking, as reported by the BlackRock Memo ::
Discuss points of view on stoking treatment, including considerations linked to the facilitation of ETPs (negotiated under stock markets) incorporating stoking capacities.
On this point, note that this is a long -standing request for ETFE ETHEREUM, but that this subtlety, which would allow investors to identify additional return, has not yet been authorized. Beyond the ETH, it should also be noted that this request also concerns ETF on altcoins still in their regulatory journey, as evidenced by the last news about Vaneck with the BNB.
Finally, an increasingly growing point was also on the agenda, namely “The tokenization of financial titles». There was a question of their regulatory treatment, in order to develop them. In this regard, it should be noted that the BlackRock Buidl Monetary Fund is now capitalized at more than 2.86 billion dollars and that this capitalization increased by 32 % in just one month.
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Now that Blackrock has become an essential player in the crypto ecosystem, his relationships with regulators can play a decisive role in the treatment of digital assets.
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Source: dry
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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