
BlackRock Collaborates with SEC’s Crypto Task Force to Explore the Future of Crypto ETFs
On 12 May 2025, BlackRock convened with the US Securities and Trading network Commission’s (SEC) Crypto Task Force to outline the BlackRock Digital Assets Product Suite. Delegates from the leading asset management firm sought a dialogue with the SEC Crypto Task Force regarding the treatment of earning yield, such as the implications for enabling ETPs with locking tokens functionalities, along with the discussion of moving forward with the tokenization of securities under the federal securities regulatory structure.
BlackRock has already debuted spot BTC and ETH ETFs that have seen considerable inflows. Recently, Strategy Chairman Michael Saylor remarked, “BlackRock’s iShares Bitcoin Trust (IBIT) is poised to become the largest ETF worldwide within the next decade.”
Simultaneously, a key takeaway from the Crypto Task meeting indicates that the SEC might modify regulations to permit broker-dealers on alternative trading systems (ATS) to trade non-security cryptocurrencies such as Bitcoin and Ether.
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May 12th Just Became Significant
BlackRock — the $10 trillion giant — is confirmed to participate in the SEC Crypto Task Force roundtable. This is more than just another assembly. It signals impending changes. The implications could extend pic.twitter.com/tgBYszvzcm
— @judyshel (@JudyShelton_Tv) May 12, 2025
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“A new chapter for the SEC,” Stated Chair Paul Atkins
SEC Chair Paul Atkins emphasizes his goal is to “create a sensible regulatory framework for crypto.”
This is precisely what the industry has been advocating for, and I must give credit to the current US administration for their sincere initiatives in this direction. pic.twitter.com/deaghPQUdU
— Alexis Sirkia (@AlexisYellow) May 12, 2025
During the SEC Crypto Task Force Roundtable, US President Donald Trump appointed Paul Atkins, who stated that his primary focus is to establish a coherent regulatory environment for digital currency markets that delineates straightforward rules for the issuance, custody, and trading of crypto assets.
“A new chapter is upon us at the SEC,” he stated. “Policymaking will shift away from ad hoc enforcement actions. The Commission will employ its current rulemaking, interpretative, and exemption authorities to set appropriate standards for trading market participants.”
Discussing tokenization, SEC Commissioner Hester M Peirce noted, “Tokenization cannot realize its full potential without clear legal frameworks.”
In line with Atkins’ emphasis on bringing clarity to crypto regulation, Peirce asserted that the SEC is striving to provide such legal clarity. “In the absence of compelling reasons founded in law and fact, the Commission should approach tokenized securities in the same manner as traditional securities,” Peirce stated.
“Stablecoins, the inaugural application of tokenization at scale, illustrate the enhanced efficiency and accessibility that can be achieved through crypto networks,” Peirce asserted. “Tokenization may offer similar advantages for securities markets, including heightened operational efficiency, transparency in transactions, available volume, and accessibility; quicker settlements; and broader investor opportunities.”
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Key Points
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The authorization of spot BTC and ETH ETFs last year signified a pivotal change, paving the way for more mainstream and regulated frameworks for crypto investment.
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Locking tokens poses distinct regulatory hurdles for the SEC. Yet, within ETFs, locking tokens could enable fund managers to generate additional yields for investors through participation in protocol validation.
The article BlackRock Engages with SEC Crypto Task Force to Discuss Future of Crypto ETFs first appeared on 99Bitcoins.