# SLR政策

793
2026 Crypto Market "Nuclear Level" Catalyst: The $4 Trillion Stablecoin Fantasia Behind eSLR Deregulation
As the entire crypto community is still debating the validity of the Bitcoin halving cycle, a saying has already circulated in the trading rooms of Wall Street: "This time it's tougher than the halving."
On the night of November 30, when the Federal Register quietly released a proposal to amend the supplemental leverage ratio (eSLR), a Telegram message exploded in the institutional trading group: "eSLR is cut, the game is over."
Behind this line of text is $210 billion of bank capital
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