BlackRock is ramping up its engagement with U.S. regulators, meeting with the SEC’s Crypto Task Force on May 9 to present its growing suite of digital asset products and to push forward conversations around the evolving regulatory landscape.
The firm outlined offerings such as its spot Bitcoin ETF (IBIT), Ethereum fund (ETHA), and its tokenized liquidity fund (BUIDL), using the session to showcase how these products align with current market trends.
The dialogue extended into broader regulatory themes, including staking frameworks, tokenized securities, and how crypto-based exchange-traded products (ETPs) might meet compliance under U.S. securities laws.
A significant portion of the meeting focused on approval conditions for crypto ETPs. BlackRock sought clarity on meeting the requirements under Section 6(b) of the Securities Exchange Act and discussed the possibility of introducing a temporary regulatory structure to guide the approval process for these evolving products.
The conversation also touched on future options trading tied to crypto ETPs, with a technical discussion around setting risk limits, usage thresholds, and liquidity metrics to ensure market integrity.
This meeting signals BlackRock’s ongoing effort to shape policy in tandem with regulators, aiming to align institutional crypto finance with the SEC’s expectations.
Ripple has chosen global banking giant BNY Mellon to act as the primary custodian for reserves backing its enterprise-grade stablecoin, Ripple USD (RLUSD).
Goldman Sachs now expects the Federal Reserve to begin cutting interest rates sooner than previously anticipated, forecasting the first reduction as early as September 2025.
Lithuania’s central bank has reached out to Robinhood for further details regarding its newly launched stock token products, following a public distancing by OpenAI from the initiative.
As President Trump accelerates his tariff strategy ahead of the August 1 deadline, new White House letters reveal formal trade warnings sent to multiple nations, including Tunisia, Cambodia, Indonesia, and others.