Senator Lummis leads Republicans in calls to ease Basel's capital penalties on crypto assets.

CoinFeed reported on June 4 that, according to CoinDesk, U.S. Senator Cynthia Lummis, along with several Senate Republicans, urged financial regulators to repeal the Basel Committee's 1250% punitive risk weight for digital assets and establish a new capital framework that would allow banks to meaningfully participate in the crypto asset market.