Circle Seeks Zero SEC Staff Haircut for GENIUS Act-Compliant Payment Stablecoins
Photo: TokenPost
Circle Internet Group is asking the Securities and Exchange Commission to eliminate a 2% staff capital haircut for payment stablecoins that comply with the GENIUS Act, subject to objective safeguards. Circle, the issuer of USD Coin (USDC), submitted the request in a comment letter dated Oct. 20 and disclosed it Oct. 28. The letter came on the comment deadline for the SEC’s proposed Regulation Crypto Assets, which remains at the proposal stage.
Source: TokenPost
