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

the Special Crypto Team of the U.S. Securities and Exchange Commission (SEC) has held talks with representatives from CoinShares International Limited and their legal counsel Chapman & Cutler LLP to discuss the regulatory challenges of launching cryptocurrency exchange-traded products (ETPs) in the United States. It is reported that topics discussed during the meeting included: how to integrate collateral mechanisms into ETP structures, appropriate standards for reviewing new digital asset ETP rule change applications, cryptocurrency custody issues, a 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 cryptocurrency ETP business in Europe, where the company manages over $6 billion in assets, offering 20 publicly listed ETP products covering 13 digital assets and 3 digital asset indexes.