U.S. Senators Urge Repeal of Basel Committee's Crypto Risk Weight
2026-06-04 15:43:40
U.S. Senator Cynthia Lummis, along with several Senate Republicans, has called on financial regulators to eliminate the Basel Committee's 1250% punitive risk weight on digital assets. According to Odaily, the senators are advocating for the establishment of a new capital framework to enable banks to participate in the crypto asset market.
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