SEC Updates FAQs on Crypto Asset Activities Related to Distributed Ledger Technology

The SEC’s Division of Trading and Markets has updated its FAQs related to crypto asset activities and distributed ledger technology to add Question 5. The new FAQ addresses the “haircut” a broker-dealer should take “in calculating its net capital under Rule 15c3-1 for a proprietary position in payment stablecoin.”

For more information, see the statement by Hester Peirce on the SEC’s Web site.