The SEC's cryptocurrency working group met with representatives from CoinShares to discuss regulatory issues related to Crypto Assets.

On June 3, according to official sources, the U.S. Securities and Exchange Commission's (SEC) Crypto Task Force has held a meeting with representatives of CoinShares International Limited and its legal counsel, Chapman & Cutler LLP, to discuss the regulatory challenges of launching cryptoasset exchange-traded products (ETPs) in the United States. It is reported that the topics discussed in the meeting include: how to integrate the staking mechanism in the ETP structure, the appropriate criteria for reviewing the application for changes to the rules of the new digital asset ETP, the issue of crypto asset custody, the comparison of physical and cash subscription and 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 in Europe, offering 20 publicly listed ETP products covering 13 digital assets and 3 digital asset indices.