SEC Cuts Payment Stablecoin Haircuts to 2%, Enhancing On-Chain Settlement for Broker-Dealers
- Stablecoin Haircut Adjustment: The SEC has reduced the capital haircut on qualifying payment stablecoins from 100% to 2%, meaning that $100 of approved stablecoins can now count as $98 toward a broker-dealer's net capital, thereby enhancing capital efficiency for these firms.
- Market-Friendly Policy: SEC Commissioner Hester Peirce framed this adjustment as a long-overdue correction to a punitive regime, allowing stablecoins to be recognized as valuable for net capital calculations, which promotes their use in securities workflows.
- Legal and Market Reactions: Market lawyers and trading desks view this move as a direct follow-through on last year's GENIUS Act, which established reserve and oversight standards for payment stablecoin issuers, indicating that compliant tokens will be treated more like cash equivalents.
- Macro Context Impact: With active trading in digital assets like Bitcoin and Ethereum, the SEC's decision is expected to influence upcoming discussions on broader crypto market-structure legislation, further integrating stablecoins into the regulated financial ecosystem.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59072.856 | 62095.428 | 64937.856 | 67960.428 | 70802.856 | 73825.428 | 76667.856 |
| Fibonacci | 62095.428 | 64335.858 | 65719.998 | 67960.428 | 70200.858 | 71584.998 | 73825.428 |
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