SEC Closed-Door Meeting with Financial Giants: ETF Regulation Upgrade and Stake Redemption Mechanism Become Discussion Focus

This week, the dynamics of cryptocurrency regulation by the U.S. Securities and Exchange Commission (SEC) have been dramatic. First, there was an in-depth discussion with global asset management giant BlackRock, followed by a closed-door meeting with top institutions in the crypto space such as a16z, Paradigm, and Consensys. These two key meetings are expected to have a decisive impact on the regulatory rules for cryptocurrency ETPs and the direction of staking.

In this meeting, BlackRock's core team demonstrated their preference for the "cash settlement" model of ETFs and proposed an innovative scheme for physical redemptions.

This plan allows investors to directly exchange fund shares using cryptocurrencies such as Bitcoin and Ethereum in the future, eliminating the cumbersome settlement steps involving US dollars.

If this plan can be implemented, it will undoubtedly bring tremendous liquidity to the market, equivalent to completely replacing the framework of traditional financial ETFs with the flesh and blood of crypto assets.

In addition to the ETF upgrade topics, an alliance composed of institutions such as a16z and Consensys is frantically presenting their advantages of staking to the SEC.

They provided a detailed introduction to three modes: liquid staking, custodial staking, and delegated non-custodial staking, even breaking down the "staking as a service" operation manual on-site, striving to demonstrate the huge profit potential of staking to the regulators.

They almost put the annualized yield chart of Ethereum staking directly in front of the SEC and strongly urged the regulatory agency: "Look at how enticing this yield is, if you don't earn it, it's a waste!"

In fact, the SEC has faced attacks from the crypto community twice this year. As early as February, Jito Labs and Multicoin Capital proposed holding stakes and automatic interest generation schemes, intending to transform ETFs into tools for generating income, demonstrating the crypto industry's urgent desire for reform.

It is important to know that just the staking of ETH can generate billions of dollars in revenue each year, not to mention the latecomers like Solana, Cardano, and Ripple who are eyeing the market.

Therefore, the current focus of the market is whether the SEC will give a green light to these proposals or continue to block the advancement of this wave of innovation under the guise of "investor protection."

#SEC闭门会议 #ETF regulatory upgrade #stake service