Hester Peirce

SEC Filing Document

SEC Staff Signals 2% Haircut Approach for Certain Payment Stablecoins

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WASHINGTON, Feb. 19, 2026 — Staff of the Division of Trading and Markets at the U.S. Securities and Exchange Commission issued a frequently asked question addressing the treatment of payment stablecoins under the broker-dealer net capital rule, Exchange Act Rule 15c3-1, according to a Feb. 19 statement by Hester M.