Circle urges SEC to treat regulated stablecoins like cash
Current overview (not historical)
Circle urges the SEC to classify GENIUS Act-compliant USD stablecoins as cash, arguing this would eliminate the 2% capital haircut for broker-dealers and expand institutional adoption of USDC in securities markets. The company contends that payment stablecoins meeting regulatory standards qualify as cash when investors participate in these offerings. This request follows Circle's previous lobbying efforts and reflects ongoing tensions between stablecoin issuers and regulators over capital requirements.
Written with AI from the reporting · updated 10/29/2026
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- 1Unclassified fact stationOct 28, 00:00recorded Oct 30, 00:59single sourcerevised
Circle urges SEC to treat regulated stablecoins like cash in
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- circle
- Action：
- urges SEC to clarify stablecoin treatment
- Object：
- SEC Regulation Crypto Assets and broker-dealer capital requirements
- Occurred (fact side)：
- Oct 28, 00:00
- Published (valid side)：
- Oct 30, 00:30
- First seen (known side)：
- Oct 30, 00:59
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedCircle urges SEC to treat regulated stablecoins as cash in securities markets
Report first recorded Oct 30, 00:59
Circle has asked the U.S. Securities and Exchange Commission to allow regulated stablecoins to be treated as cash for broker-dealer capital calculations and reserve accounts. The request follows the SEC's proposed Regulation Crypto Assets and aims to expand institutional adoption of USDC by removing a 2% capital requirement and clarifying that compliant stablecoins can be used in customer reserve accounts.
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