The Trump administration is mounting a direct challenge to global banking rules on crypto assets, signaling the US wants to reshape international financial standards rather than simply comply with them.
A new 166-page White House report on digital assets takes aim at the Basel Committee on Banking Supervision’s crypto framework, particularly its controversial 1250% risk weighting for tokenized assets on public blockchains – rules that effectively block banks from holding US dollar stablecoins.
The administration’s message to global regulators is blunt: “The BCBS does not possess any formal supranational authority, and its decisions do not have legal force… It is important for the United States to lead in such international forums.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
