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Circle urges SEC to treat qualifying stablecoins as cash and cut broker-dealer capital haircut to zero.

Market News
29 Oct 2026, 23:35 WIB
Crypto news
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Bullish
Circle urges SEC to treat qualifying stablecoins as cash and cut broker-dealer capital haircut to zero.

Circle has requested the U.S. SEC to recognize GENIUS-compliant payment stablecoins as cash under its proposed crypto fundraising rules and reduce the broker-dealer capital haircut from 2% to zero. This change aims to clarify stablecoin payment treatment and align valuation with their dollar peg, easing fundraising and settlement processes. Circle also seeks clearer rules on ongoing technical services like validator maintenance. The SEC's proposal includes fundraising exemptions with disclosure requirements, and Circle's push could influence stablecoin regulation and broker-dealer capital rules going forward.

Circle's request to the SEC regarding stablecoin cash treatment and broker-dealer capital haircut is presented here with Pluang's market data as of Oct 30, 2026 03:41 WIB. For readers following major cryptocurrencies, 5 out of 50 rose while 44 fell today. Notable movers include CRV at Rp5.704 with a -7.85% change and a typical hold time of 62 days, CAKE at Rp35.454 down -7.80%, and BNB at Rp12.630.000 down -7.79%.

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