
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