First, the data: $BTC 80555.92 (24h +0.3%)
News: Circle submitted a comment letter to the SEC, recommending that compliant payment stablecoins be treated as “cash” and that the haircut for broker-dealer holdings be reduced to zero.
The impact is relatively neutral, and the price is still following its previous trend. Whether trading volume actually picked up around the news is the most direct way to assess its impact.
#BTC
News: Circle submitted a comment letter to the SEC, recommending that compliant payment stablecoins be treated as “cash” and that the haircut for broker-dealer holdings be reduced to zero.
The impact is relatively neutral, and the price is still following its previous trend. Whether trading volume actually picked up around the news is the most direct way to assess its impact.
#BTC