Basel III: Bitcoin’s Oven Mitts and Banks’ Capital Crisis

Federal Reserve Vice Chair Michelle Bowman, that sly fox of regulation, dropped hints on March 12 at the Cato Institute, hinting that U.S. regulators are about to unleash a Basel III “endgame” proposal so punishing, it could make Sauron weep. The plot? To force banks to treat bitcoin as if it were a cursed artifact from a bygone era.





![Q-StaR distinguishes itself from DOR through a workflow predicated on the principle that optimal solutions are derived from rigorously minimizing a cost function, formalized as [latex] L(q) = \sum_{i=1}^{n} l(x_i, a_i) [/latex], where [latex] l [/latex] represents the instantaneous cost, [latex] x_i [/latex] denotes the state, and [latex] a_i [/latex] the action at time step <i>i</i>, thereby achieving demonstrably superior performance through mathematically provable optimality.](https://arxiv.org/html/2603.10637v1/x7.png)