U.S. Senator Lummis leads Republican colleagues in calling for repeal of the Basel 1250% punitive risk weight for crypto assets

Odaily reported 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 for digital assets and establish a new capital framework that would allow banks to participate in the crypto asset market. (CoinDesk)