Crypto Today: Basel Committee To Review Crypto Risk Weighting For Banks

In today's crypto news, the chair of the Basel Committee acknowledged that a review of the current 1,250% risk weighting for banks' crypto exposures is necessary, particularly as the United States and the United Kingdom resist implementing such stringent rules. This risk weighting requires banks to hold capital equivalent to their crypto-asset exposure, impacting venture investments and tokens on permissionless blockchains like stablecoins. Meanwhile, Senator Tim Scott is advocating for a vote on a crypto market structure bill in December 2025, aiming to unify the regulatory framework between the CFTC and SEC. Coinbase's CEO Brian Armstrong expressed optimism about advancing the legislation. Additionally, a recent Cloudflare outage disrupted multiple cryptocurrency platforms and social media channels, impacting services for exchanges like Coinbase and BitMEX.

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