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\n\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u5bf9\u6570\u5b57\u8d44\u4ea7\u7684\u76d1\u7ba1\u65b9\u5f0f\u4e00\u76f4\u5907\u53d7\u5173\u6ce8\u3002\u8fd9\u4e00\u6700\u65b0\u51b3\u5b9a\u88ab\u89c6\u4e3a\u5728\u4e3a\u5e02\u573a\u53c2\u4e0e\u8005\u63d0\u4f9b\u660e\u786e\u6027\u548c\u786e\u5b9a\u6027\u65b9\u9762\u8fc8\u51fa\u7684\u91cd\u8981\u4e00\u6b65\u3002 \u901a\u8fc7\u5141\u8bb8\u7ecf\u7eaa\u81ea\u8425\u5546\u5bf9\u5176\u6301\u6709\u7684\u7a33\u5b9a\u5e01\u9002\u75282%\u2018\u6298\u4ef7\u7387\u2019\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u65e2\u627f\u8ba4\u4e86\u8fd9\u4e9b\u8d44\u4ea7\u6240\u4f34\u968f\u7684\u6f5c\u5728\u98ce\u9669\uff0c\u540c\u65f6\u4e5f\u8ba4\u53ef\u4e86\u5176\u6f5c\u5728\u4ef7\u503c\uff0c\u4ee5\u53ca\u4f20\u7edf\u91d1\u878d\u9886\u57df\u5bf9\u6570\u5b57\u8d44\u4ea7\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\u3002.
\n\u968f\u7740\u6570\u5b57\u8d44\u4ea7\u5e02\u573a\u7684\u6301\u7eed\u53d1\u5c55\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u7684\u8fd9\u4e00\u51b3\u5b9a\u5f88\u53ef\u80fd\u5bf9\u8be5\u5e02\u573a\u7684\u53d1\u5c55\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u5b83\u4e3a\u5e02\u573a\u53c2\u4e0e\u8005\u63d0\u4f9b\u4e86\u66f4\u5927\u7684\u6e05\u6670\u5ea6\u548c\u786e\u5b9a\u6027\u3002 \u8be5\u51b3\u5b9a\u4e5f\u88ab\u89c6\u4e3a\u5c06\u6570\u5b57\u8d44\u4ea7\u878d\u5165\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u8981\u4e00\u6b65\u3002\u5168\u7403\u76d1\u7ba1\u673a\u6784\u548c\u5e02\u573a\u53c2\u4e0e\u8005\u5f88\u53ef\u80fd\u4f1a\u5bc6\u5207\u5173\u6ce8\u8fd9\u4e00\u52a8\u5411\u3002.
\n\u603b\u800c\u8a00\u4e4b\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u51b3\u5b9a\u5141\u8bb8\u5bf9\u7a33\u5b9a\u5e01\u6301\u4ed3\u91c7\u75282%\u2018\u6298\u4ef7\u2019\u5904\u7406\uff0c\u8fd9\u662f\u6570\u5b57\u8d44\u4ea7\u76d1\u7ba1\u9886\u57df\u7684\u4e00\u9879\u91cd\u5927\u8fdb\u5c55\u3002\u6b64\u4e3e\u5f88\u53ef\u80fd\u5bf9\u8be5\u5e02\u573a\u7684\u53d1\u5c55\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002 \u968f\u7740\u76d1\u7ba1\u73af\u5883\u7684\u4e0d\u65ad\u5b8c\u5584\uff0c\u5e02\u573a\u53c2\u4e0e\u8005\u5c06\u5bc6\u5207\u5173\u6ce8\u5173\u4e8e\u7a33\u5b9a\u5e01\u53ca\u5176\u4ed6\u6570\u5b57\u8d44\u4ea7\u5904\u7406\u65b9\u5f0f\u7684\u8fdb\u4e00\u6b65\u6307\u5bfc\u3002\u4ed6\u4eec\u5e0c\u671b\u4e86\u89e3\u8fd9\u4e9b\u8d44\u4ea7\u5c06\u5982\u4f55\u878d\u5165\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u3002.
\n\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u5728\u76d1\u7ba1\u6570\u5b57\u8d44\u4ea7\u65b9\u9762\u4e00\u76f4\u91c7\u53d6\u5ba1\u614e\u4e14\u5faa\u5e8f\u6e10\u8fdb\u7684\u505a\u6cd5\u3002\u5176\u91cd\u70b9\u5728\u4e8e\u4e3a\u5e02\u573a\u53c2\u4e0e\u8005\u63d0\u4f9b\u660e\u786e\u6027\u548c\u786e\u5b9a\u6027\u3002\u8fd9\u4e00\u6700\u65b0\u51b3\u5b9a\u88ab\u89c6\u4e3a\u8be5\u8fdb\u7a0b\u4e2d\u8fc8\u51fa\u7684\u91cd\u8981\u4e00\u6b65\u3002\u5168\u7403\u76d1\u7ba1\u673a\u6784\u548c\u5e02\u573a\u53c2\u4e0e\u8005\u5f88\u53ef\u80fd\u4f1a\u5bc6\u5207\u5173\u6ce8\u6b64\u4e8b\u3002.
\n\u968f\u7740\u6570\u5b57\u8d44\u4ea7\u5e02\u573a\u7684\u6301\u7eed\u53d1\u5c55\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u7684\u8fd9\u4e00\u51b3\u5b9a\u5f88\u53ef\u80fd\u5bf9\u8be5\u5e02\u573a\u7684\u53d1\u5c55\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u5b83\u4e3a\u5e02\u573a\u53c2\u4e0e\u8005\u63d0\u4f9b\u4e86\u66f4\u5927\u7684\u6e05\u6670\u5ea6\u548c\u786e\u5b9a\u6027\u3002 \u8be5\u51b3\u5b9a\u4e5f\u88ab\u89c6\u4e3a\u5c06\u6570\u5b57\u8d44\u4ea7\u878d\u5165\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u7684\u91cd\u8981\u4e00\u6b65\u3002\u5168\u7403\u76d1\u7ba1\u673a\u6784\u548c\u5e02\u573a\u53c2\u4e0e\u8005\u5f88\u53ef\u80fd\u4f1a\u5bc6\u5207\u5173\u6ce8\u8fd9\u4e00\u52a8\u5411\u3002.
\n\u5de5\u4f5c\u4eba\u5458\u8868\u793a\uff0c\u7f8e\u56fd\u76d1\u7ba1\u673a\u6784\u5c06\u201c\u4e0d\u53cd\u5bf9\u201d\u7ecf\u7eaa\u81ea\u8425\u5546\u5c06\u7a33\u5b9a\u5e01\u6301\u4ed3\u8ba1\u5165\u5176\u51c0\u8d44\u672c\u8981\u6c42\u3002 \u8fd9\u662f\u6570\u5b57\u8d44\u4ea7\u76d1\u7ba1\u9886\u57df\u8fc8\u51fa\u7684\u91cd\u8981\u4e00\u6b65\u3002\u9884\u8ba1\u8fd9\u4e00\u51b3\u5b9a\u5c06\u5bf9\u7ecf\u7eaa\u81ea\u8425\u5546\u7ba1\u7406\u5176\u51c0\u8d44\u672c\u8981\u6c42\u7684\u65b9\u5f0f\u4ea7\u751f\u663e\u8457\u5f71\u54cd\u3002\u4eca\u540e\uff0c\u4ed6\u4eec\u5c06\u88ab\u5141\u8bb8\u5c06\u7a33\u5b9a\u5e01\u6301\u4ed3\u8ba1\u5165\u51c0\u8d44\u672c\u8981\u6c42\uff0c\u5c3d\u7ba1\u5176\u4ef7\u503c\u4f1a\u7565\u6709\u6298\u51cf\u3002.
\n\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u51b3\u5b9a\u5141\u8bb8\u5bf9\u7a33\u5b9a\u5e01\u6301\u4ed3\u91c7\u75282%\u2018\u6298\u4ef7\u2019\u5904\u7406\uff0c\u8fd9\u662f\u6570\u5b57\u8d44\u4ea7\u76d1\u7ba1\u683c\u5c40\u4e0d\u65ad\u6f14\u53d8\u8fc7\u7a0b\u4e2d\u7684\u4e00\u4e2a\u91cd\u8981\u8fdb\u5c55\u3002 \u968f\u7740\u76d1\u7ba1\u73af\u5883\u7684\u4e0d\u65ad\u6210\u5f62\uff0c\u5e02\u573a\u53c2\u4e0e\u8005\u5c06\u5bc6\u5207\u5173\u6ce8\u5173\u4e8e\u7a33\u5b9a\u5e01\u53ca\u5176\u4ed6\u6570\u5b57\u8d44\u4ea7\u5904\u7406\u65b9\u5f0f\u7684\u8fdb\u4e00\u6b65\u6307\u5bfc\u3002\u4ed6\u4eec\u5e0c\u671b\u4e86\u89e3\u8fd9\u4e9b\u8d44\u4ea7\u5c06\u5982\u4f55\u878d\u5165\u4f20\u7edf\u91d1\u878d\u4f53\u7cfb\u3002.
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\n\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u5bf9\u6570\u5b57\u8d44\u4ea7\u7684\u76d1\u7ba1\u65b9\u5f0f\u4e00\u76f4\u5907\u53d7\u5173\u6ce8\u3002\u8fd9\u4e00\u6700\u65b0\u51b3\u5b9a\u88ab\u89c6\u4e3a\u5728\u4e3a\u5e02\u573a\u53c2\u4e0e\u8005\u63d0\u4f9b\u660e\u786e\u6027\u548c\u786e\u5b9a\u6027\u65b9\u9762\u8fc8\u51fa\u7684\u91cd\u8981\u4e00\u6b65\u3002 \u901a\u8fc7\u5141\u8bb8\u7ecf\u7eaa\u81ea\u8425\u5546\u5bf9\u5176\u6301\u6709\u7684\u7a33\u5b9a\u5e01\u9002\u75282%\u2018\u6298\u4ef7\u7387\u2019\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u65e2\u627f\u8ba4\u4e86\u8fd9\u4e9b\u8d44\u4ea7\u6240\u4f34\u968f\u7684\u6f5c\u5728\u98ce\u9669\uff0c\u540c\u65f6\u4e5f\u8ba4\u53ef\u4e86\u5176\u6f5c\u5728\u4ef7\u503c\uff0c\u4ee5\u53ca\u4f20\u7edf\u91d1\u878d\u9886\u57df\u5bf9\u6570\u5b57\u8d44\u4ea7\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\u3002.
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In a significant development, the Securities and Exchange Commission (SEC) has given its approval for broker-dealers to apply a 2% ‘haircut’ on their stablecoin holdings. This decision is expected to have a notable impact on the way broker-dealers manage their net capital requirements. They will now be allowed to count stablecoin holdings toward these requirements, albeit with a slight reduction in value. The US regulator’s staff has stated that they would “not object” to this practice. This effectively provides broker-dealers with the flexibility to incorporate stablecoin holdings into their net capital calculations. At the same time, it acknowledges the potential risks associated with these assets by applying a modest ‘haircut’. This move is seen as a step forward in the regulation of digital assets, offering greater clarity on how broker-dealers can treat stablecoin holdings in the context of their overall capital requirements. The SEC’s decision is likely to be closely watched by market participants, as it may have implications for the broader adoption of stablecoins and other digital assets within the traditional financial sector. By allowing broker-dealers to count stablecoin holdings toward their net capital requirements, the SEC is recognizing the potential value of these assets. It is also ensuring …<\/p>","protected":false},"author":1,"featured_media":2133,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[68],"tags":[],"class_list":["post-2134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/posts\/2134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/comments?post=2134"}],"version-history":[{"count":0,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/posts\/2134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/media\/2133"}],"wp:attachment":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/media?parent=2134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/categories?post=2134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/tags?post=2134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}