The post Wall Street Pushes to Delay 2026 Crypto Rules appeared on BitcoinEthereumNews.com. Key Notes Wall Street groups urge the Basel Committee to pause 2026 crypto banking rules. Trade bodies warn strict capital requirements could push crypto outside banks. SEC Chair Paul Atkins signals only a small fraction of tokens may be securities. A coalition of leading Wall Street trade groups is calling on global regulators to halt the rollout of strict crypto banking rules set to take effect in January 2026. In an August 19 letter to the Basel Committee on Banking Supervision, eight associations warned that the rules would make it too costly for banks to engage with crypto, potentially pushing the $2.8 trillion market outside the regular financial system. Trade Groups Push Back Against Punitive Standards The eight associations also included the Global Financial Markets Association and the Institute of International Finance. The Basel rules, though non-binding, are usually adopted by member countries and shape how international banks manage risk. Under the current framework, Bitcoin BTC $113 813 24h volatility: 1.4% Market cap: $2.27 T Vol. 24h: $45.47 B and Ethereum ETH $4 228 24h volatility: 1.4% Market cap: $510.62 B Vol. 24h: $42.76 B carry a 100% risk weight, while many other crypto assets are saddled with a 1,250% penalty, far higher than requirements for corporate bonds or equities. Banks are also limited to holding no more than 1% of their Tier 1 capital in “Group 2” crypto assets under the new cryptocurrency rules. Outdated Perceptions The associations argue that the policies reflect outdated perceptions shaped by collapses such as Terra/Luna in 2022. Policy approaches are fundamentally different in 2025 compared to when the rules were first laid out, the letter noted, cautioning that inconsistent adoption could “jeopardize the goal of establishing a minimum standard.” SEC Signals Shift on Token Classification Meanwhile, the SEC Chair Paul Atkins, speaking at… The post Wall Street Pushes to Delay 2026 Crypto Rules appeared on BitcoinEthereumNews.com. Key Notes Wall Street groups urge the Basel Committee to pause 2026 crypto banking rules. Trade bodies warn strict capital requirements could push crypto outside banks. SEC Chair Paul Atkins signals only a small fraction of tokens may be securities. A coalition of leading Wall Street trade groups is calling on global regulators to halt the rollout of strict crypto banking rules set to take effect in January 2026. In an August 19 letter to the Basel Committee on Banking Supervision, eight associations warned that the rules would make it too costly for banks to engage with crypto, potentially pushing the $2.8 trillion market outside the regular financial system. Trade Groups Push Back Against Punitive Standards The eight associations also included the Global Financial Markets Association and the Institute of International Finance. The Basel rules, though non-binding, are usually adopted by member countries and shape how international banks manage risk. Under the current framework, Bitcoin BTC $113 813 24h volatility: 1.4% Market cap: $2.27 T Vol. 24h: $45.47 B and Ethereum ETH $4 228 24h volatility: 1.4% Market cap: $510.62 B Vol. 24h: $42.76 B carry a 100% risk weight, while many other crypto assets are saddled with a 1,250% penalty, far higher than requirements for corporate bonds or equities. Banks are also limited to holding no more than 1% of their Tier 1 capital in “Group 2” crypto assets under the new cryptocurrency rules. Outdated Perceptions The associations argue that the policies reflect outdated perceptions shaped by collapses such as Terra/Luna in 2022. Policy approaches are fundamentally different in 2025 compared to when the rules were first laid out, the letter noted, cautioning that inconsistent adoption could “jeopardize the goal of establishing a minimum standard.” SEC Signals Shift on Token Classification Meanwhile, the SEC Chair Paul Atkins, speaking at…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more