{"id":56102,"date":"2025-11-01T06:01:33","date_gmt":"2025-11-01T06:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56102"},"modified":"2025-11-01T06:01:33","modified_gmt":"2025-11-01T06:01:33","slug":"us-urges-global-regulators-to-review-bank-crypto-standards-amid-stablecoin-surge-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56102","title":{"rendered":"US Urges Global Regulators To Review Bank Crypto Standards Amid Stablecoin Surge \u2013 Report"},"content":{"rendered":"
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The US is reportedly pushing global regulators to amend bank crypto standards to address the regulatory shift of the past few years and the industry\u2019s developments, including the recent push for stablecoin adoption.<\/p>\n

Global Regulators To Review Crypto Standards<\/h2>\n

On Friday, Bloomberg affirmed<\/a> that global regulators are in talks to review and potentially overhaul rules on banks\u2019 crypto holdings, set to come into force in 2026. The US is reportedly leading the pushback against the original measures following the rapid surge of the stablecoin sector.<\/p>\n

In 2022, the Basel Committee on Banking Supervision (BCBS) released its standard for the \u201cprudential treatment of banks\u2019 exposures to cryptoassets,\u201d including tokenized traditional assets, stablecoins, and unbacked digital assets.<\/p>\n

Senior finance executives reportedly affirmed that banks have largely interpreted the standards as \u201ca signal to avoid crypto since they imposed a heavy capital burden on such holdings.\u201d However, the crypto industry\u2019s adoption has evolved in the past few years, with key players like the US changing<\/a> their regulatory stance to embrace the sector.<\/p>\n

According to people familiar with the talks, the shift has prompted debates at the BCBS regarding the suitability of these rules under the current environment, as major global jurisdictions, including the US and UK, haven\u2019t committed to implementing them on time. The news media outlet noted that the Basel Committee updated its crypto standards in 2024 but delayed its implementation by one year.<\/p>\n

As a result, the US has been seemingly leading calls to amend the standards, Bloomberg sources said, arguing that the rules are \u201cincompatible with the industry\u2019s evolution,\u201d especially in the stablecoin sector.<\/p>\n

Some countries allegedly see the US\u2019s logic and favor reviewing the standards before they are widely implemented. Notably, the Bank of England (BoE) has stated<\/a> that it \u201ccontinues to work on the implementation of its prudential framework for cryptoasset exposures, and is engaging internationally with other jurisdictions to promote regulatory consistency.\u201d<\/p>\n

Meanwhile, the Monetary Authority of Singapore (MAS) recently announced<\/a> a one-year delay of its new crypto prudential standards, which are based on the BSCS\u2019s measures. On the contrary, the European Central Bank (ECB) considers that it\u2019s best to implement the current standards and explore a revision later.<\/p>\n

Global Stablecoin Regulatory Landscape<\/h2>\n

It\u2019s worth noting that stablecoin regulation has faced challenges despite the global push to adopt the sector. The ECB has called<\/a> for a ban on multi-issuance stablecoins in the bloc and other jurisdictions, following a recommendation by the European Systemic Risk Board (ESRB).<\/p>\n

Additionally, the US banking industry has pushed back against the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act for potential loopholes that could pose major risks to the financial system.<\/p>\n

Meanwhile, the Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, recently vowed to address the evolving threats from private finance and the growing use of stablecoins.<\/p>\n

In June, the Financial Action Task Force (FATF)\u00a0expressed concerns about the increasing risks associated with the stablecoin adoption, arguing that the use of the digital assets by criminal parties poses a growing challenge to global financial security.<\/p>\n

As reported<\/a> by Bitcoinist, BoE Governor and FSB Chairman Andrew Bailey pledged earlier this month to increase the global watchdog\u2019s policy response to the emerging risks related to the private finance sector and stablecoins, aiming to make it \u201cmore flexible and quicker to recognise, and respond to, emerging vulnerabilities.\u201d<\/p>\n

Bailey affirmed that the international watchdog will have \u201copen and frank discussions among members\u201d about the next steps, and will \u201cincrease outreach to the private sector to benefit from their expertise and perspectives on risks and vulnerabilities.\u201d<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US is reportedly pushing global regulators to amend bank crypto standards to address the regulatory shift of the past few years and the industry\u2019s developments, including the recent push for stablecoin adoption. Global Regulators To Review Crypto Standards On Friday, Bloomberg affirmed that global regulators are in talks to review and potentially overhaul rules […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56102","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56102"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56102\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}