BlackRock Asks SEC for Meeting on Crypto Rules
The post BlackRock Asks SEC for Meeting on Crypto Rules appeared on BitcoinEthereumNews.com. BlackRock requests SEC meeting on crypto rules and tokenization. Quantum threat flagged in BlackRock’s updated Bitcoin ETF filing. BlackRock eyes staking, tokenization in digital asset strategy update. BlackRock, the world’s largest asset management firm, has asked the U.S. Securities and Exchange Commission (SEC) for a meeting. The firm sought to meet with the SEC’s Crypto Task Force. BlackRock is looking to receive feedback on major issues in crypto regulation. The list includes staking opportunities within ETPs, security tokenization, approval mechanisms for crypto ETPs, and limit imposition on crypto options. BlackRock Flags Quantum Computing Threat in Bitcoin ETF Update The company filed amended paperwork for its Ethereum fund, ETHA. Now, in-kind creation and redemption are part of the updated filing. With this provision, users can now exchange assets without having to pay cash. However, approval from the SEC is still required. BlackRock submitted a new version of its S-1 form for the Bitcoin fund, IBIT. The update mentions possible threats from quantum computing that may affect Bitcoin’s crypto protocols. Importantly, BlackRock is set to steer the formation of crypto regulation in the country. Recently, the SEC’s attitude to digital assets is changing. Previously, the SEC was conservative when it comes to digital assets. SEC Chair Gary Gensler regularly warned that the crypto sector had rampant fraud and manipulation. In addition, he took enforcement cases against high profile crypto companies. Most of the cases were dropped after he resigned from the SEC this year. Paul Atkins has recently replaced the SEC head. He has become more positive about crypto lately. Atkins believes that digital assets can produce many positive results. He said that he desires to work with lawmakers to develop better guidelines for the industry. It is Commissioner Hester Peirce who is leading the SEC’s Crypto Task Force now. The task…
The post BlackRock Asks SEC for Meeting on Crypto Rules appeared on BitcoinEthereumNews.com.
BlackRock requests SEC meeting on crypto rules and tokenization. Quantum threat flagged in BlackRock’s updated Bitcoin ETF filing. BlackRock eyes staking, tokenization in digital asset strategy update. BlackRock, the world’s largest asset management firm, has asked the U.S. Securities and Exchange Commission (SEC) for a meeting. The firm sought to meet with the SEC’s Crypto Task Force. BlackRock is looking to receive feedback on major issues in crypto regulation. The list includes staking opportunities within ETPs, security tokenization, approval mechanisms for crypto ETPs, and limit imposition on crypto options. BlackRock Flags Quantum Computing Threat in Bitcoin ETF Update The company filed amended paperwork for its Ethereum fund, ETHA. Now, in-kind creation and redemption are part of the updated filing. With this provision, users can now exchange assets without having to pay cash. However, approval from the SEC is still required. BlackRock submitted a new version of its S-1 form for the Bitcoin fund, IBIT. The update mentions possible threats from quantum computing that may affect Bitcoin’s crypto protocols. Importantly, BlackRock is set to steer the formation of crypto regulation in the country. Recently, the SEC’s attitude to digital assets is changing. Previously, the SEC was conservative when it comes to digital assets. SEC Chair Gary Gensler regularly warned that the crypto sector had rampant fraud and manipulation. In addition, he took enforcement cases against high profile crypto companies. Most of the cases were dropped after he resigned from the SEC this year. Paul Atkins has recently replaced the SEC head. He has become more positive about crypto lately. Atkins believes that digital assets can produce many positive results. He said that he desires to work with lawmakers to develop better guidelines for the industry. It is Commissioner Hester Peirce who is leading the SEC’s Crypto Task Force now. The task…
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