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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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CryptoSlate Editorial

(05:30 AM UTC)

1 min read

Approved byDavid Kim

0 comments

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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