Senator Cynthia Lummis, along with Senators Dan Sullivan, Bill Hagerty, Bernie Moreno, Ted Budd, and Jon Husted, sent a letter to key US financial regulators. The group urged the Federal Reserve, FDIC, and Office of the Comptroller of the Currency to establish clearer and fairer capital standards for banks and companies holding digital assets.

The senators criticized the Basel Committee’s 1,250% risk weight for certain digital assets like bitcoin, calling it overly punitive and not based on actual risk assessments. They highlighted recent progress on tokenized securities and pushed for a technology-neutral approach in capital rules. This effort supports broader regulatory clarity for the digital asset sector amid ongoing legislative discussions.