On May 12, 2025, BlackRock convened with the U.S. Securities and Exchange Commission (SEC)’s Crypto Task Force to review their Digital Assets Product Suite. This meeting focused on the regulatory aspects of staking while also looking to further the tokenization of securities within the current securities regulatory framework.

BlackRock has launched Bitcoin and Ethereum ETFs that have seen immense inflows. Notably, Michael Saylor, Strategy Chairman, recently predicted that BlackRock’s iShares Bitcoin Trust (IBIT) will become the world’s largest ETF in the next decade.

The session with the Crypto Task Force revealed that the SEC could be revising rules enabling broker-dealers on alternative trading systems (ATS) to trade cryptocurrencies like Bitcoin and Ether that do not fall under the definition of a security.

🚨BREAKING: BLACKROCK JOINS SEC ROUNDTABLE — IS XRP ON THEIR RADAR NEXT? 👀
⚡ May 12th Just Got Serious
BlackRock — the $10 trillion titan — is confirmed to attend the SEC Crypto Task Force roundtable. This isn’t just another meeting. It’s a signal. And the ripples could reach Twitter Link
— @judyshel (@JudyShelton_Tv) May 12, 2025

“A new day at the SEC,” Said Chair Paul Atkins

Paul Atkins, the SEC Chair, expressed his aspiration to create a thoughtful regulatory landscape for the cryptosphere. He noted the ongoing efforts by the present U.S. administration to address long-standing regulatory uncertainties, stating, “It is a new day at the SEC. Policymaking will no longer result from ad hoc enforcement measures.”

Hester M Peirce, SEC Commissioner, highlighted the importance of legal clarity for the potential of tokenization, asserting that the SEC must treat tokenized securities similarly to traditional ones where justified. She underscored that innovations such as stablecoins exhibit the possibilities for increased efficiency and investor access that tokenization might bring to the securities industry.