TechFlow News, June 4: According to The Block, several Republican U.S. Senators 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 bank 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, stating that capital treatment should more accurately reflect both the opportunities and risks associated with digital assets and adhere as closely as possible to technology-neutral principles. The letter also stated that tokenized securities should be treated equally with non-tokenized securities for capital requirements—and this principle should extend to other digital assets as well.
