Deep Tide TechFlow message: On June 04, according to The Block, several Republican senators in the U.S. Senate sent a letter to the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), urging the development of a new banking capital framework for digital assets.



The senators criticized the Basel Committee on Banking Supervision’s prior assignment of a 1250% risk weight to digital assets, saying that the related capital treatment should more accurately reflect the opportunities and risks of digital assets and, whenever possible, adopt a technology-neutral principle. The letter also said that tokenized securities should receive the same treatment as non-tokenized securities under capital requirements, and this principle should also apply to other digital assets.
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