Senate Republicans Urge Clarity on Digital Asset Capital Standards

Senate Republicans, spearheaded by Sen. Cynthia Lummis, have called on U.S. financial regulators to provide clear guidelines on capital standards for digital assets. According to NS3.AI, the lawmakers expressed concerns over the Basel Committee's standards, which impose a 1,250% risk weight on digital assets. This move highlights the ongoing debate over regulatory approaches to the burgeoning digital asset sector.