Regulation
Circle asks SEC to treat GENIUS-compliant stablecoins as cash and cut broker-dealer haircut to zero
Circle is asking the SEC to recognize GENIUS-compliant stablecoins as cash for payments under its proposed framework. Circle also recommends cutting the current 2% broker-dealer haircut to zero, subject to objective safeguards.
Sources
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
Every fact in this story matches the wording of a linked source. Corrections: [email protected].