US Senators Seek Fairer Capital Rules for Crypto Holdings
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A group of U.S. senators is pushing for changes to Basel-influenced capital rules they say unfairly discourage banks from holding Bitcoin and other crypto assets, urging clearer regulatory standards as digital assets scale. The CLARITY Act is gaining momentum in Congress which could boost bank custody, crypto adoption and DeFi integration, but JPMorgan CEO Jamie Dimon warned it may leave gaps in stablecoin and banking safeguards, highlighting regulatory and security risks.
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- US senators say current Basel rules unfairly discourage banks from holding Bitcoin and crypto assets.
- The CLARITY Act gains momentum as lawmakers push for clearer digital asset regulations.
- Jamie Dimon warns the CLARITY Act may leave gaps in stablecoin and banking safeguards.
A group of pro-crypto U.S. senators is pushing for changes to banking rules that they say make it difficult for banks to hold digital assets such as Bitcoin. The lawmakers are calling on federal regulators to adopt a clearer and more balanced approach as cryptocurrencies become a larger part of the financial system.
The effort comes as Congress continues debating the CLARITY Act and as regulators in several countries review how banks should handle digital assets. As a result, the discussion over the role of banks in the crypto market has gained renewed attention.
According to the senators, …
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