The staff of the U.S. Securities and Exchange Commission (SEC) recently released a Frequently Asked Questions document clarifying that they do not oppose broker-dealers applying a 2% discount to stablecoin holdings, allowing it to be included in net capital requirements (for example, holding $100 million in stablecoins can be counted as $98 million in net capital). Previously, broker-dealers were unsure whether a 100% discount should be applied to dollar-pegged stablecoins, which prevented them from being included in net capital. (Cointelegraph)