Back

Lummis says CLARITY Act would let U.S. banks hold Bitcoin under 1,250% rule

Verifying
  • Cynthia Lummis said the CLARITY Act would permit U.S. banks to trade and hold digital assets.
  • 1,250% capital requirements currently apply to digital assets under Basel III.
  • Section 401 identifies the activities as permissible for national banks, Lummis said.
BTC
The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
Lummis says CLARITY Act would let U.S. banks hold Bitcoin under 1,250% rule - CoinPost Terminal