It was a true honor to host Michael for a conversation here in DC.
There is no second ₿est to explain the civilizational stakes of preserving freedom in the digital age.
It’s an honor to lead BPI for this next phase of the organization.
We have big ambitions for the future and an incredible team to get it done. It’s time to build a lasting institution in Washington.
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NEW: Sen. Sullivan and Sen. Lummis lead letter to the Fed, FDIC and OCC, calling for revaluation of Basel’s risk weighting for Bitcoin and digital assets.
“A 1,250% risk weight bypasses those calibrated frameworks entirely, applying a blunt penalty …to a transparent, globally traded asset with deep derivatives markets, continuous liquidity, and cryptographic auditability.”
This is a strong signal from Washington that legislators are looking closely at this issue as work on market structure continues. The letter has 6 signatories and 3 are on the Banking Committee.
It’s also great to see BPI’s brief on this topic cited in the third footnote! 😉
We’ll keep you posted on further updates.
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