TechFlow, June 3 — According to an official announcement, CoinShares International Limited, Europe's largest digital asset investment firm, met with the SEC's Crypto Task Force, represented by Chapman & Cutler LLP, to discuss regulatory issues concerning crypto assets. CoinShares (managing over $6 billion in assets) shared its ETP operational experience in Europe and the United States and provided recommendations on five key issues:
- Incorporating staking rewards mechanisms in digital asset ETPs
- Reviewing the "Winklevoss standard" for evaluating digital asset ETP applications
- Solutions for crypto asset custody
- Physical creation and redemption mechanisms
- Relaxing restrictions on registered investment companies investing in digital assets, including revoking the 2018 Blass letter
CoinShares expressed its willingness to contribute its global perspective to help the SEC build a regulatory environment that fosters innovation while protecting investors.
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