Senator Lummis Leads Push To Remove 1250% Risk Weight On Digital Assets, Opening Door For Bank Participation
Sen. Cynthia Lummis leads Republican lawmakers in urging regulators to end the 1250% risk weight on digital assets, aiming to free banks for crypto participation.
➤ Senator Lummis and Republican lawmakers are urging regulators to remove the 1250% risk weight on digital assets, arguing it hinders bank participation. ➤ This change could significantly lower capital requirements for banks, potentially unlocking institutional capital and fostering innovation in the digital asset space. ➤ While the push aims to modernize regulations, the timeline for any changes remains uncertain due to international standards and the need for U.S. regulatory adoption.
