You know what’s more powerful than a 1,000-page regulation? A two-page FAQ.
On February 19, the SEC’s Division of Trading and Markets quietly dropped guidance that slashes the capital charge on stablecoins from 100% to 2% for broker-dealers.
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CEO Notes
From 100% to 2%
You know what’s more powerful than a 1,000-page regulation? A two-page FAQ.On February 19, the SEC’s Division of Trading and Markets quietly dropped guidance that slashes the capital charge on stablecoins from 100% to 2% for broker-dealers. That’s the same haircut as money market funds. This makes stablecoins near-cash working capital and it might be the single most important regulatory shift for Wall Street in 2026.
