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via CryptoSlate · By CryptoSlate Editorial
A little-known 1,250% rule could lock US banks out of Bitcoin
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$63,053.26
-0.04%
$63,053.26
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$2,468,190,801.48
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Long: 67.9%Short: 32.1%
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CryptoSlate Editorial(05:30 AM UTC)
1 min read
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…
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