BlackRock engaged with the SEC Crypto Task Force to discuss the BlackRock Digital Assets Product Suite and considerations for advancing the tokenization of securities.
BlackRock has already launched spot Bitcoin and Ethereum ETFs and anticipates its iShares Bitcoin Trust to become the largest ETF globally in ten years.
SEC may revise rules to allow broker-dealers on alternative trading systems to trade non-security cryptocurrencies like Bitcoin and Ether.
SEC's focus is on developing a rational regulatory framework for crypto asset markets to provide clarity and establish fit-for-purpose standards.