SEC allows broker-dealers to apply 2 percent ‘haircut’ on payment stablecoins | JD Supra
On February 19, the SEC’s Division of Trading and Markets issued a new frequently asked question (FAQ) on the treatment of payment stablecoins under the broker-dealer net capital rule (Exchange Act Rule 15c3-1) to its list of FAQs related to digital asset activities and distributed ledger technology. The FAQ stated that the SEC staff would
