U.S. Urged to Reevaluate Basel Framework for Digital Assets

Strategy CEO Phong Le recently shared insights on the X platform regarding the impact of the Basel Accord on global banking standards and asset risk-weighting rules. According to Odaily, these frameworks significantly influence how banks engage in digital asset-related activities, including Bitcoin. The Basel Committee, comprising central banks and regulatory bodies from 28 jurisdictions, is responsible for these rules, with the United States being one of the participating countries. Le emphasized that if the U.S. aims to become the 'global crypto capital,' it is crucial to reassess the implementation of capital requirements and risk weights under the Basel framework.