Circle Asks SEC for Stablecoin Cash Treatment and a Zero Haircut
6 Articles
6 Articles
Circle asks SEC for stablecoin cash treatment and a zero haircut
Circle has urged the U.S. Securities and Exchange Commission to recognize qualifying payment stablecoins as cash in its proposed crypto fundraising rules and cut their broker-dealer capital haircut from 2% to zero. Circle’s October 28 blog outlined a comment letter…
Circle Backs SEC Crypto Rules As USDC Adoption Strengthens Its Stablecoin Strategy
Circle is calling for clearer, technology-neutral SEC rules covering crypto-asset offerings and payment stablecoins, including USDC treatment under the GENIUS Act. The regulatory push comes as USDC and EURC usage expands across Kraken’s trading, funding, and DeFi services, highlighting stablecoins’ growing role in digital financial infrastructure.
Circle wants the SEC to recognize certain regulated stablecoins as cash in several securities transactions. The application could open new uses for USDC on Wall Street, but the Commission has not yet accepted those changes.
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BITRSSCircle wants SEC to erase a costly Wall Street rule holding stablecoins back
Circle’s SEC letter seeks separate permissions for offerings, brokerage capital and customer reserves, showing where issuer regulation leaves further decisions. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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