🇺🇸🕵️ The U.S. Securities and Exchange Commission (SEC) staff recently released a FAQ clarifying that they do not object to broker-dealers applying a 2% haircut to stablecoin holdings for net capital purposes. This means that such holdings can count toward net capital requirements, allowing $100 million in stablecoins to be counted as $98 million. Previously, broker-dealers were uncertain whether USD-pegged stablecoins required a 100% haircut, which prevented their inclusion in net capital. #regulation

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