Senators Challenge 1,250% Bitcoin Capital Rule They Say Blocks Banks From Crypto
By
Kevin Helms
Summary
U.S. senators are challenging a Basel banking framework that assigns a 1,250% risk weight to certain cryptoasset exposures, arguing this rule makes it prohibitively expensive for regulated banks to hold Bitcoin. The dispute in Washington over bank capital requirements could significantly impact institutional Bitcoin adoption by either enabling or blocking banks from entering the crypto space.
Source
bskySenators Challenge 1,250% Bitcoin Capital Rule They Say Blocks Banks From Cryptonews.bitcoin.comKey quotes
· 3 pulledSenators are challenging a 1,250% risk weight that they argue makes holding BTC prohibitively expensive for regulated banks.
At the center of the debate is a Basel framework that assigns certain cryptoasset exposures a 1,250% risk weight, a treatment critics say makes bank participation...
A growing dispute in Washington over bank capital requirements could have major implications for institutional bitcoin adoption.
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