Regulation· ★★★★· neutral·

Circle Urges SEC to Align Crypto Asset Rules With GENIUS Act

  • —Circle backed the SEC proposal but wants it aligned with the GENIUS Act
  • —It asks the SEC to treat payment stablecoins as cash under Rule 302(b)
  • —The firm proposes cutting the 2% broker-dealer haircut to zero
  • —Circle seeks a safe harbor for maintaining already-live networks
Why it matters: The outcome will shape how stablecoins such as USDC are treated in broker-dealer capital and reserve calculations.
#USDC
Source: ChainCatcher 链捕手
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