Important Bitcoin Policy Update from D.C. 🇺🇸 The Federal Reserve just announced that next week they will be issuing a public proposal for how Banks should implement Basel risk weighting guidance for America’s largest banks. Bitcoin is currently treated as a toxic asset under Basel regulations, subject to a 1250% risk weighting, harsher than virtually all other asset classes. This risk weighting makes it extremely difficult for banks to provide financial services to Bitcoiners and Bitcoin companies. Once the Federal Reserve’s proposal is live, there will be a 90 day window to provide comments on the proposal. BPI will be reviewing this proposal closely and submitting a public comment to ensure that U.S. regulators get Bitcoin’s treatment right.