Alisa Davidson
Post: May 15, 2025 10:45 AM Update: May 15, 2025 9:4 am
Edit and fact confirmation: May 15, 2025 at 10:45 am
simply
BLACKROCK advocates modern and flexible frameworks to quickly urge the encryption regulations to clarify the rules for steaks, tokens and ETPs, to support the innovation and investor protection of the digital asset market.
Blackrock urges the SEC to quickly track the main inspection of encryption rules by pressing a clear framework for steaking, tokenization and ETP (ETP).
In a meeting with SEC’s Crypto Task Force on May 9, a large asset management company presented a vision for stronger and more adaptive regulations.
Black Rock’s agenda
The recent meeting of the BLACKROCK with the SEC’s Crypto Task Force explained the five -point agenda to affect the regulation of digital assets in the United States according to the memorandum of the SEC.
Leading the dialogue was the appointment of the Blackrock of Regulatory Tasks, Law, Regulations Compliance and Digital Asset Department. They started with updates for three cornerstone products: Ishares Bitcoin Trest (Ibit), Ishares Ethereum Trust (ETHA) and Blackrock USD Digital Liquid Fund (Buidl). The company then stewed within the ETPS and raised an important issue that asked whether the SEC would entertain the regulatory path to allow such functions in future products.
Blackrock also proposed to increase the potential of traditional securities and to develop clearer rules to integrate tokenized assets into the existing capital market. Another main point is to focus on ETP approval standards. The company requested a transparent checklist to meet the Exchange Act 6 (B) section and proposed a temporary framework while the long -term rules are completed. Finally, Blackrock recommended that the SEC set options were restricted by Crypto ETP based on asset liquidity.
Currently, the encryption task force, which is currently operated under the Hester Peirce commissioner, is increasing in dialogue from the development of Washington’s digital finance.
$ 150B Financial Fund tokenization with BNY MELLON
Blackrock has token a $ 150 billion financial trust fund with SEC to sign a big leap to merge the blockchain with traditional finance. The proposed plan includes the issue of “DLT stock” that can be used exclusively through BNY MELLON.
This stock is operated by a blockchain -based system that provides safe and transparent ledger by reflecting institutional ownership.
The fund requires at least $ 3 million for initial investments, but there is no such threshold in subsequent donations. This effort requires a strong identification to maintain trust and regulations, consistent with the beliefs of Larry Fink’s belief that tokenization can provide “close agreement, some ownership and digital voting.”
By partnering with BNY MELLON, BLACKROCK adds weight to a list of financial institutions such as JPMORGAN and State Street to test block chain rails for mainstream finance.
The SEC is considering a new amendment to the encryption method that can accelerate this trend by redefining the way digital assets are issued, storage and trading in the United States.
SEC reaction: promotes a new regulatory framework
Paul Atkins, chairman of the May 12, unveiled a bold vision for Crypto Regulation during the agency’s Cryptocurrency RoundTable period. From the historically cautious point of view of the SEC that frame the new approach around the three columns, Paul ATKINS Chairman: Issuance, custody and transaction.
Atkins has tried to build a “clear and reasonable” framework that can protect investors and meet innovation and assistance.
Atkins said, “I want to establish a clear and reasonable guideline for whether Cryptocurrency assets are securities.
rationing
Atkins asked SEC employees to develop “additional maps, exemptions and safe ports” to SEC employees that they could not be able to use it in the United States so that they could be legally launched in the United States.
He argued that the SEC has “complete authority” to adapt to the demands of encryption space under the existing securities law. In the past, some internal guidelines were issued, but Atkins thought that additional committee levels were needed to support the “sustainable regulatory environment” for digital innovation.
custody
In custody, atkins emphasized the SEC’s decision to remove the employee accounting board 121 by supporting a wide range of options for the registrant to manage encryption assets.
Seamus Rocca, the CEO of XAPO BANK, called the shift as a “welcome stage” and added that “security custody is not technical but the basis of investor trust.” ROCCA insisted that encryption custody demanded “infrastructure built for purpose” rather than modifying old systems. He also warned that consumers should understand the “distinct difference” between the encryption exchange and the traditional bank.
Atkins admitted that broker dealers have never banned acting as a manager of encryption assets, but in particular, new rules may still be necessary to clarify how the “customer protection and net capital” requirements are applied for their own inspection or new management models.
transaction
Atkins expressed support for expanding what can be provided to meet the increasing demand for registrants while solving the transaction. He said the committee should consider the “conditional exemption” to visit the rules for the alternative trading system and to prevent innovators from moving abroad.
He stressed that the US market should not lose its basis due to the old -fashioned regulations, which suggested that more flexible approaches can “support innovation and preserve investor protection.
Some pay attention to the regulatory gap, but many people in the industry sees Atkins’ plans as the clearest signal, but the SEC is ready to create a modern and balanced encryption framework.
Road
In the Crypto RoundTable of the SEC, the panelist agreed that today’s regulatory system, built for paper -based stock ownership, cannot handle blockchain technology.
Susan Gault-Brown of Allen Overy Shearman Sterling LLP mentioned that digital assets are “not suitable within the rules,” designed for the spherical system. Others revered, pointing out that encryption enables peer -to -peer systems without the need for a broker.
1KX’s Larry Florio pointed out that this setting offers “unique ability,” but also introduces “unique risks.”
Professor Adam Levitin, a professor of Georgetown, added that traditional managers physically protect their assets with safe.
This group is A Principle A regulatory model that can evolve into technology. Kraken’s Mark Greenberg insisted that strict custody rules are no longer meaningful.
Overall, participants stressed that regulatory flexibility is essential to avoid old -fashioned policies.
The road to modern encryption regulation
As the SEC is warming up in the industry and institutions such as BLACKROCK promote modernization, the path depends on producing agile technical neutral regulations. The balance of innovation and innovation will define the future of the encryption director and determine whether the US can lead the evolving digital asset economy.
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About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
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Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More