Circle asks SEC to scrap rule it says is holding stablecoins back
AI summary
Circle has sent a letter to the SEC asking the agency to remove a Wall Street rule it says is holding stablecoins back. The request seeks separate permissions for offerings, brokerage capital and customer reserves, showing where issuer regulation leaves further decisions. A favorable ruling could ease compliance costs for stablecoin issuers, but the outcome is uncertain and no decision has been made.
