The Trump administration is making a direct challenge for global banking rules on cryptographic assets, noting that the United States wish to reshape international financial standards rather than simply respect them.
A new 166 -page White House report on digital assets aims at the Crypto framework of the Basel Committee on banking supervision, in particular its controversial risk weighting of 1250% for tokenized assets on public blockchains – rules that effectively prevent banks from holding American stables.
The administration’s message to global regulators is frank: “The BCBS has no official supranational authority, and its decisions have no legal force … It is important for the United States to lead in such international forums.”
The implications extend far beyond the crypto, because the United States reports that it wants a greater influence on the Basel Committee-the organization which establishes global banking standards. However, the Basel Committee has already We have resisted efforts To dissolve his working group on climate -related financial risks.
The American path for banking capital requirements for crypto
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