Circle asks SEC for stablecoin cash treatment and a zero haircut

Circle has urged the U.S. Securities and Exchange Commission to recognize qualifying payment stablecoins as cash in its proposed crypto fundraising rules and cut their broker-dealer capital haircut from 2% to zero. Circle’s October 28 blog outlined a comment letter…

Source: https://crypto.news/circle-sec-stablecoin-cash-treatment-zero-haircut/