Expert Criticizes Federal Reserve's Basel III Revisions for Bitcoin

Pierre Rochard has expressed concerns over the Federal Reserve's proposed Basel III revisions, highlighting the lack of clarity in Bitcoin capital rules. According to NS3.AI, the current Basel framework assigns Bitcoin a 1250% risk weight, which Rochard believes could pose legal risks for large banks involved in Bitcoin services. He urged the Federal Reserve, FDIC, and OCC to avoid finalizing the rules without a clear rationale and framework.