The US SEC’s Cryptocurrency Working Group met with CoinShares representatives to discuss issues related to crypto asset regulation

Odaily News According to official news, the U.S. Securities and Exchange Commission (SEC) Crypto Task Force has held talks with representatives of CoinShares International Limited and its legal counsel, Chapman & Cutler LLP, to discuss the regulatory challenges of launching crypto asset exchange-traded products (ETPs) in the U.S. It is reported that the topics discussed in the meeting include: how to integrate the pledge mechanism into the ETP structure, review the appropriate standards for the application of rule changes for new digital asset ETPs, crypto asset custody issues, comparison of physical and cash redemption mechanisms, and the feasibility of registered investment companies investing in digital asset ETPs.
CoinShares also introduced its crypto asset ETP business in Europe, where the company manages more than $6 billion in assets and offers 20 publicly listed ETP products covering 13 digital assets and 3 digital asset indices.