SEC Regulatory Shift: Broker-Dealers Holding Stablecoins & Institutional Crypto Significance
Key Takeaways On February 19, 2026, the SEC’s Division of Trading and Markets updated its Broker-Dealer Financial Responsibilities FAQ, permitting broker-dealers to apply a 2% haircut on qualifying payment stablecoins when calculating net capital under Rule 15c3-1. Previously, many broker.
