Senator Lummis leads Republicans in demanding relaxation of Basel capital penalties on crypto assets
According to CoinDesk, U.S. Senator Cynthia Lummis, together with several Republican senators, is urging financial regulators to eliminate the Basel Committee’s 1,250% punitive risk weight for digital assets and to establish a new capital framework so that banks can meaningfully participate in the crypto asset market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japan's 10-Year Government Bond Yield Reaches Highest Level Since September 1996
LHV Group assets under management rise to EUR 1.85 billion in August 2026
AI Safety Fears Drive Investors to J&J, Costco, and CrowdStrike for Cybersecurity
Crypto prices
More
