Effective Tuesday, DTC to assign 100% haircut to all cryptocurrency investments

filing: https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf

https://twitter.com/741trey/status/1783978665874719129

crypto won't be allowed to be used as collateral starting next week.

not sure how this affects mstr and their convertible debt loans. those should be unaffected but i am a moron. seems like this may hurt more of the hedge funds, market makers and clearing houses based on the online chatter i'm seeing reacting to this.