U.S. SEC Commissioner: Plans to Revise Rules to Clarify Regulatory Framework for Payment Stablecoins, Support 2% Capital Deduction for Payment Stablecoins



Crypto News: On February 21, U.S. Securities and Exchange Commission Commissioner Hester Peirce wrote that she hopes to revise Rule 15c3-1 to more clearly cover payment stablecoins. The agency has currently released an FAQ (Frequently Asked Questions) clarifying the regulatory approach for payment stablecoins under the broker-dealer net capital rule framework, mainly including: 1. If a broker-dealer, when calculating net capital, applies a 2% capital deduction (haircut) to its proprietary holdings of payment stablecoins, regulators will not object.
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