SEC Crypto Newsroom/
Cutting by Two Would Do
The SEC Division of Trading and Markets issued an FAQ allowing broker-dealers to apply a 2% haircut on proprietary holdings of qualified payment stablecoins when calculating net capital, replacing the previously cautious 100% haircut approach.
medium impactbullishUSD-denominated stablecoins
Why It Matters
This guidance reduces the capital burden for broker-dealers holding stablecoins, potentially increasing institutional adoption of stablecoins for tokenized securities and blockchain-based transactions.