The SEC has implemented minor policy changes under its “Project Crypto” initiative, allowing broker-dealers to classify certain stablecoins as capital. This adjustment could significantly encourage institutional adoption of stablecoins, as it positions them closer to cash equivalents under SEC capital standards. This move aligns with the SEC’s broader efforts to integrate compliant stablecoins into the operations of broker-dealers, enhancing the framework surrounding crypto custody rules for registered intermediaries.
SEC eases rules on broker-dealers’ stablecoin holdings
