circle is asking the SEC to cut the 2% broker-dealer net-capital haircut on GENIUS Act-compliant payment stablecoins to zero. Under current SEC staff guidance, that haircut means…
Original source excerpt
.@circle is asking the SEC to cut the 2% broker-dealer net-capital haircut on GENIUS Act-compliant payment stablecoins to zero. Under current SEC staff guidance, that haircut means a $20M deduction p…
.@circle is asking the SEC to cut the 2% broker-dealer net-capital haircut on GENIUS Act-compliant payment stablecoins to zero. Under current SEC staff guidance, that haircut means a $20M deduction per $1B proprietary position. via @hardeyjumoh https://t.co/MkTzUC4STR
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