SEC & Van Eck: Crypto Rules? Let’s Dance! 🕵️♂️💸

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Regulatory momentum for crypto is accelerating as major asset managers push to redefine the future of tokenized ETFs and staking protocols. 🚀🧠

SEC Meeting With Vaneck Highlights Push for Clarity on Crypto Regulation 🤷♂️

The U.S. Securities and Exchange Commission (SEC) published details of a Crypto Task Force meeting held on Sept. 25 with Van Eck Associates Corp. (Vaneck), underscoring the growing attention to regulatory treatment of digital assets. The dialogue reflected industry efforts to ensure rules keep pace with innovations in exchange-traded products (ETPs) and tokenized funds. Vaneck, which managed $132.9 billion in assets as of June 30, 2025, used the meeting to highlight areas where regulatory clarity could shape future market development. 🧠💸

The SEC memorandum stated:

The topic discussed was approaches to addressing issues related to regulation of crypto assets. 🤔

That agenda submitted by Van Eck Associates Corporation representatives outlined several priorities for discussion. First, Vaneck wanted to review the applicability of proposed Generic Listing Standards to liquid staking tokens and how staking fits within liquidity risk requirements for crypto and commodity exchange-traded products. Second, the firm raised the tokenization of both private and registered funds, with an emphasis on tokenized ETFs and the responsibilities of issuers. 🧩

Third, Vaneck broadened the scope to cover decentralized finance, tokenized securities, and token sales or initial coin offerings under the current securities registration process. Lastly, the company highlighted custody issues under the Advisers Act, suggesting amendments to accommodate digital assets and emphasizing the potential role of multi-party computation software in safeguarding them. 🔐

Attendees representing Vaneck included general partner Wyatt Lonergan, director of digital assets product Kyle F. DaCruz, head of digital assets research Matthew Sigel, general counsel Jonathan R. Simon, and associate general counsel Matthew A. Babinsky. Their message to regulators stressed that modernized rules could mitigate risks while enabling innovation in tokenization and staking. Critics argue that integrating such mechanisms into regulated products could create new vulnerabilities, yet supporters contend they could enhance transparency, efficiency, and liquidity if supported by effective oversight. 🤝

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2025-09-27 03:57