ChainCatcher message, Arthur Hayes stated that U.S. banking regulators have begun to take action, planning to reduce the Enhanced Supplementary Leverage Ratio (eSLR) of large banks by up to 1.5 percentage points. This move marks an important step for the U.S. towards exempting government bonds from bank capital requirements. Although the current proposal only adjusts the overall ratio rather than directly excluding government bonds, regulators may solicit public opinion on whether government bonds should be completely excluded from the calculation.