SEC staff has approved that broker-dealers can apply a 2% “haircut” to stablecoin reserves. Previously, dollar-pegged stablecoins were not considered in net capital calculations due to 100% haircut uncertainty. This statement appeared in the SEC’s Division of Trading and Markets’ “Frequently Asked Questions on Crypto Asset Activities and Distributed Ledger Technology.”
The SEC’s response to frequently asked questions clarifying the 2% haircut rule for stablecoins held by broker-dealers. Source: SECTechnical Details of the SEC Stablecoin Haircut Decision
This decision allows broker-dealers to use stablecoins more safely in net capital calculations. For example, a $100 million stablecoin reserve will now be accepted as $98 million in net capital. This is a significant relief from the 100% haircut; as stablecoins are the cornerstone of blockchain-based transactions. The SEC’s step will accelerate tokenized securities and crypto asset trading.
Commissioner Hester Peirce’s Defense of Stablecoins
Commissioner Hester Peirce stated that the 100% haircut is unnecessary, emphasizing stablecoins’ fundamental role in blockchain transactions. This regulation will enable broker-dealers to engage more broadly in crypto assets like ALT detailed analysis. Peirce expressed that the decision will revitalize the tokenized asset market.
President Trump signs the GENIUS bill into law. Source: Associated PressGENIUS Act and the Rise of the Stablecoin Market
President Donald Trump’s GENIUS stablecoin law, signed in July 2025, propelled the market cap to $295 billion. This law standardized stablecoin regulations, encouraging institutional entry. However, Minneapolis Fed President Neel Kashkari argued that stablecoins “have no real use case.”
Impact of the Stablecoin Decision on the ALT Market
Crypto intelligence firm 51 CEO Marc Baumann called this a “big event.” As stablecoin liquidity increases, layer-2 solutions like ALT are affected. ALT is currently at $0.01, down 4.43% in 24h in a downtrend. RSI 31.02 is giving an oversold signal.
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 Support | $0.0070 | 75/100 ⭐ STRONG | -4.50% |
| S2 Support | $0.0065 | 67/100 ⭐ STRONG | -11.32% |
| R1 Resistance | $0.0076 | 69/100 ⭐ STRONG | +3.68% |
| R2 Resistance | $0.0137 | 67/100 ⭐ STRONG | +86.90% |
EMA 20: $0.0086, Supertrend bearish. Investors should monitor S1 for ALT futures. This decision could increase stablecoin integration in the ALT ecosystem.
Net Capital Calculation for Broker-Dealers
The new rule values stablecoins at 98%, strengthening capital adequacy. This will increase tokenized trading volume in assets like ALT detailed analysis. Experts predict a 30% increase in stablecoin usage in 2026.
Market Experts’ Reactions and Risks
Baumann’s “big event” comment is resonating, while Kashkari’s criticism is fueling regulation debates. For ALT investors, stablecoin liquidity could reverse the downtrend; however, volatility risk remains high.
Source: https://en.coinotag.com/sec-approves-2-haircut-on-stablecoin-reserves
