US Senators Urge Regulators to Clarify Crypto Capital Rules

US Senators Urge Regulators to Clarify Crypto Capital Rules

US Senate Republicans have called on financial regulators to clarify the capital treatment for crypto, and have taken issue with international banking standards for holding crypto.

A little-known 1,250% rule could lock US banks out of Bitcoin

A group of Republican senators is warning US bank regulators that a little-known capital rule could effectively keep banks out of Bitcoin, even as Congress moves to give traditional financial firms a larger role in digital asset markets. In a May 27 letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, FDIC Chair Travis Hill, and Comptroller of the Currency Jonathan Gould, six senators urged the agencies to build a new capital fr…

LATEST: Senator Cynthia Lummis Leads Senate Push for Fair Digital Asset Capital Rules

Senator Cynthia Lummis, along with Senators Dan Sullivan, Bill Hagerty, Bernie Moreno, Ted Budd, and Jon Husted, sent a letter to key US financial regulators. The group urged the Federal Reserve, FDIC, and Office of the Comptroller of the Currency to establish clearer and fairer capital standards for banks and companies holding digital assets. The senators criticized the Basel Committee’s 1,250% risk weight for certain digital assets like bitcoi…

Senators Press For ‘Fair’ Crypto Capital Rules In New Letter

A group of Senate Republicans is pressing bank regulators to build on recent regulatory progress by creating a clearer capital framework for crypto activities and asset treatment. US Senators Call For Clear Crypto Capital Rules On Thursday, Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis and Senators Dan Sullivan, Bill Hagerty, Bernie Moreno, Ted Budd, and Jon Husted shared a recent letter urging key financial agencies to move…

‘A blanket ban’- U.S. senators push regulators to ease crypto capital rules

Lawmakers want crypto assets to be treated fairly in bank capital requirements.

US Senators Urge Regulators to Clarify Crypto Capital Rules - Invest In Crypto News

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