Earlier in the day, the SEC crypto working group met with BlackRock representatives to discuss several cryptographic regulations. Reunion has covered several subjects, notably the development, tokenization and the ETF.
Blackrock sent nine representatives to this meeting, notably the chief and the director of digital assets and regulatory affairs. Most of the discussion remains secret, but it was clearly a high -level speech.
Blackrock meets the dry
Since the SEC was part of the new management during the Trump administration, its new working group on the crypto has taken care of a lot of functions. He has consulted private companies on cryptographic regulations several times, and today is an exception.
The BlackRock meeting with the SEC concerned several of its best priorities related to cryptography, according to the agenda:
“We are asking for a meeting … To discuss the following subjects: an overview of the digital suite of blackrock assets, prospects on … considerations to facilitate ETPs with ignition capacities, the advancement of the tokenization of titles, specific factors that could be applied for the approval of cryptographic ETPs, [and] Standards… for the options on cryptographic ETPs, ”read the BlackRock agenda.
Generally, the agenda only mentioned large categories of products. However, the first point of the ball directly treated several specific blackrock products. He is sure to assume that the DRI discussions have presented BlackRock offers.
For example, Blackrock mainly asked if the dry would discuss ETPs, but the company emits the largest ETF Bitcoin in the world. It is prudent to assume that Ibit occurred throughout the talks. The company has repeatedly requested approval of the featured of the ETF, because the consent of the dry remains elusive.
Blackrock has also specifically mentioned several other dry products offers. For example, demand addressed a “overview of market developments” concerning Buidl, the Blackrock’s Tokenization Fund.
Buidl almost certainly reappeared in broader discussions on the RWA tokenization, which appeared on the agenda of Reunion in several other places.
There are not many other details concerning this closed -door meeting. Fortunately, BlackRock included a full list of representatives of the company who met the dry.
The company sent nine participants, most of whom came from digital assets and regulatory affairs. The chiefs and directors of the two divisions were present, signaling the high level nature of these talks.
In the end, it is difficult to determine how exactly this blackrock meeting will influence dry policy. The Commission has recently been criticized for its favoritism perceived to cryptographic industry; This can complicate its operations.
However, the working group continues to organize discussions in camera like this, revealing its continuous interest in the cooperation of industry.
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