SEC Staff Signals 2% Haircut Approach for Certain Payment Stablecoins
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.
