Fed’s Bowman Signals Basel III Proposal With 90-Day Comment Period as Bitcoin Faces 1,250% Risk Weight

Wall Street finally warming up to bitcoin? Not so fast — U.S. regulators are about to drop a Basel III rule so punishing that banks eyeing the digital asset may suddenly remember they left the oven on. Fed Basel Proposal Slaps Bitcoin With 1,250% Risk Weight — Banks Face Capital Shock Federal Reserve Vice Chair