Regulation· ★★★· neutral·

Goldman Sachs denied bitcoin-backed loan but funded unsecured lending

  • Goldman Sachs funded unsecured loans in reals but refused BTC-backed lending
  • Under Basel SCO60, bitcoin is classified in group 2b with a 1250% risk weight
  • Exposure limit: above 1% of Tier 1 capital triggers tightening, above 2% applies to the entire portfolio
  • The US has not adopted SCO60: Fed, OCC and FDIC proposals dated March 19, 2026 do not cover crypto
Why it matters: Basel capital requirements, not legislation, determine banks' access to bitcoin; a US decision on SCO60 is expected in 2026.
Source: Livecoins