U.S. Senator Lummis leads Republican senators in calling for repeal of Basel's 1250% punitive risk weight on crypto assets

Odaily reports that U.S. Senator Cynthia Lummis, along with several Senate Republicans, is urging financial regulators to repeal the Basel Committee's 1250% punitive risk weight on digital assets and establish a new capital framework that would allow banks to participate in the crypto asset market. (CoinDesk)