• Here’s what happened in crypto today Need to know what happened in crypto today? • Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. • Cointelegraph in your social feed Today in crypto, Staff at the US Securities and Exchange Commission clarified that broker-dealers can apply a 2% “haircut” to their stablecoin holdings without objection from the SEC. • Meanwhile, Bitcoin miner Bitdeer liquidated all Bitcoin holdings and Robinhood’s head of crypto says that crypto investors are exploring more cryptocurrencies despite the market downfall. • SEC allows broker-dealers to take 2% ‘haircut’ on stablecoins Staff at the US Securities and Exchange Commission clarified that broker-dealers can apply a 2% “haircut” to their stablecoin holdings without objection from the SEC. • The clarification, in the form of an FAQsposting, means broker-dealers can hold stablecoins without worrying about excess net capital requirements, and can treat the tokens similarly to money market funds, vehicles that hold low-risk cash equivalents like US Treasurys and certificates of deposit.
Article Summaries:
- Here’s what happened in crypto today
The U.S. Securities and Exchange Commission clarified that broker‑dealers may apply a 2 % “haircut” to stablecoin holdings, treating the tokens like low‑risk money‑market instruments and easing net‑capital concerns. In mining news, Bitdeer announced it has sold all of its corporate Bitcoin holdings, leaving its treasury balance at zero after liquidating both newly mined and existing reserves. Meanwhile, Robinhood’s head of crypto, Johann Kerbrat, noted that investors are using the market dip to broaden their exposure beyond Bitcoin and Ether, seeing the downturn as an opportunity to diversify across a wider range of digital assets.
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