Crypto.news reports that Circle has asked the U.S. Securities and Exchange Commission (SEC) to classify qualifying payment stablecoins as cash in its proposed fundraising rules. Additionally, Circle seeks to eliminate the broker-dealer capital haircut on these stablecoins, reducing it from 2% to zero. This request was detailed in a blog post by Circle on October 28.

AI-assisted source briefing. Based on the crypto.news RSS report; not independently verified.

Source published: Thu, 29 Oct 2026 20:35:34 +0000