SEC Quietly Shifts Policy Towards Broker-Dealers' Stablecoin Holdings

The Securities and Exchange Commission (SEC) has been working on Project Crypto, an initiative aimed at regulating the cryptocurrency industry. Recently, the SEC made a subtle yet significant change in its policy towards broker-dealers' stablecoin holdings.

According to sources, the SEC has allowed broker-dealers to treat stablecoins as capital, similar to traditional currencies. This move is seen as a major shift in the SEC's stance on stablecoins and may have far-reaching implications for the cryptocurrency market.