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Family members, BlackRock is really getting serious this time, directly writing a letter to regulators to confront them head-on!
The situation is like this: last July, Trump signed the "GENIUS Act," aiming to make the U.S. the "cryptocurrency capital," so the Office of the Comptroller of the Currency (OCC) has recently started drafting specific implementation rules.
As a result, OCC proposed a suggestion to set a cap on reserve assets for stablecoins—like tokenized assets (such as BlackRock's own BUIDL fund) not exceeding 20%.
BlackRock heard this and immediately responded with a sharp reply: "This has nothing to do with your regulatory goals at all!"
BlackRock believes that whether an asset is stable depends on its creditworthiness, liquidity, and maturity, not whether it’s on the blockchain.
In other words, as long as it’s a high-quality asset, even if 100% of it is tokenized, it should still be compliant.
My spicy comment: BlackRock’s move is a classic case of "protecting its own."
They are currently the dominant player in tokenized U.S. Treasuries, and if this 20% cap stalls them, how can BUIDL continue?
Actually, the game behind this is quite interesting: Wall Street wants to bring all assets on-chain, but regulators still want to control this new era of "digital infrastructure" with old-fashioned "percentage" rules.
The big players are fighting fiercely over the foundation of Web3, which shows how tempting this cake really is.
Follow me to see clearly this "Wall Street vs. regulators" power struggle, and stay steady—our side can win! #WCTC交易王PK #美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 $BABY $MEGA