Regulation● Neutral

Circle asks SEC to drop costly rule it says holds stablecoins back

TradingGain Newsroom·2h ago·29 Oct 2026, 16:30 UTC

Stablecoin issuer Circle has sent a letter to the SEC asking it to remove a costly Wall Street rule that it says holds stablecoins back. The letter also asks for separate permissions covering offerings, brokerage capital and customer reserves. For traders, it points to regulatory decisions for stablecoin issuers that are still unresolved.

Why it matters

Circle says a costly SEC rule is holding stablecoins back, so it wants that rule removed.
The letter asks for separate permissions for offerings, brokerage capital and customer reserves.
The filing suggests more issuer regulation decisions are still open, which could affect stablecoin markets.

What to watch next

Watch for any SEC response to Circle's letter and whether it grants the separate permissions Circle has requested.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.