Circle is asking the SEC to reduce the 2% broker-dealer net capital haircut on payment stability coins that comply with the Genius Act to zero. Under current SEC staff guidance, this haircut means a $20 million deduction for each $1 billion proprietary position.
Circle is asking the SEC to reduce the 2% broker-dealer net capital haircut on payment stability coins that comply with the Genius Act to zero. Under current SEC staff guidance, this haircut means a $20 million deduction for each $1 billion proprietary position.
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