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Lummis leads Republican senators to call for abolishing Basel's 1250% punitive risk weight for crypto assets

2026-06-04 16:00:30

ME News, June 4 (UTC+8): U.S. Senator Cynthia Lummis led multiple Senate Republicans to urge financial regulators to abolish the Basel Committee’s 1250% punitive risk weight for digital assets and to establish a new capital framework so that banks can participate in the crypto asset market. (Source: ODAILY)

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