Global newsletter: BlackRock calls out Gensler in crypto staredown

The following is an excerpt from today’s Global Newsletter.

The high-stakes poker game of crypto regulation just leveled up.

Asset management behemoth BlackRock doubled down on crypto Thursday by filing an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust. Oh, and they listed Coinbase as the bitcoin custodian in the filing. Daaaaayum.

Your move, Gary.

It may have been easy for Gensler to say no to Grayscale, but BlackRock is another beast altogether.

I wouldn’t be surprised to see, “Go ahead, call our bluff,” written somewhere in the filing.

Whether BlackRock truly plans to go ahead with this plan if approved is not the most interesting aspect of this story, that would be the SEC’s response.

We’ll get our lawn chair and bag of popcorn ready.

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  • John K. White

    John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.