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shift

SEC makes quiet shift to brokers’ stablecoin holdings that may pack big results

SEC makes quiet shift to brokers’ stablecoin holdings that may pack big results

4 weeks ago by Crypto InsightsCrypto

Broker-dealers regulated by the U.S. Securities and Exchange Commission (SEC) can treat their stablecoin holdings as regulatory capital, according to a tweak this week to a frequently-asked-questions document maintained by the agency. That’s a seismic shift offered in the form of a minor addition to… Read More

Binance to shift $1 billion user protection fund into bitcoin amid market rout

Binance to shift $1 billion user protection fund into bitcoin amid market rout

2 months ago by Crypto InsightsCrypto

Top cryptocurrency exchange Binance announced said Friday that it shall switch the stablecoin in its $1 billion emergency user protection fund to bitcoin over the next 30 days. The move targets the Secure asset Fund for Users (SAFU), which is a security fund created to… Read More

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