[The Federal Reserve to Launch a 90-Day Consultation Period for Basel III Proposal, Bitcoin Faces 1250% Risk Weight] (According to Bitcoin.com) The Federal Reserve's Vice Chair for Supervision, Michelle Bowman, stated that U.S. regulators will propose rules to implement the final phase of Basel III in the coming weeks, expected to be released during the week of March 17-21, followed by a 90-day public consultation period. The proposal is being coordinated by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. Under the global crypto framework finalized by the Basel Committee in 2022, Bitcoin is classified as a Group 2b asset, which regulators consider inherently volatile and difficult to hedge, facing a 1250% risk weight. This means that if a bank holds $100 million in Bitcoin exposure, it will be treated as $1.25 billion in risk-weighted assets, requiring approximately $100 million in capital to back it. Compared to the zero risk weight for cash, gold, and U.S. Treasury bonds, and the 20%-100% range for corporate loans, Bitcoin's capital treatment is extremely stringent. Crypto industry organizations have criticized the framework for misclassifying Bitcoin and preventing banks from offering related services.