Regulation· ★★★★· bullish·

Circle asks SEC to treat compliant payment stablecoins as cash

  • —Circle urges SEC to align crypto rules with the GENIUS Act
  • —GENIUS-compliant stablecoins should count as cash under rule 302(b)
  • —Broker haircut on such stablecoins should drop from 2% to zero
  • —Circle seeks a safe harbor for post-launch technical roadmaps
Why it matters: Treating stablecoins as cash would cut capital costs for brokers and speed their integration into traditional finance.
#USDC
Source: PANews
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