Outdated bank rules may keep crypto outside the banks now allowed to hold it

- Basel’s new crypto rules are the regulatory equivalent of a PoD seal on a meat wallet: technically secure, practically useless. Banks can finally custody Bitcoin, but SCO60 slaps a 1,250% risk weight on it, forcing them to hold $1 equity for every $1 of BTC. It’s not banking; it’s financial self-sabotage. While JPMorgan and Citi play with tokenized deposits, regulators treat Bitcoin like a guaranteed loss because they’re still traumatized by FTX. The US calls this anti-innovation; Europe doubles down. The result? Fragmentation. You’ll need separate balance sheets for Frankfurt and New York just to exist. Where's my cut? This isn't regulation; it's bureaucratic arson.