Wall Street Groups Urge Basel to Rethink ‘Outdated’ 1,250% Crypto Capital Rules

Major Wall Street trade associations including Global Financial Markets Association formally urge Basel Committee to pause implementation of 1,250% crypto capital requirements, arguing the 2022 framework has become outdated due to rapid DLT developments and explosion of regulated digital asset markets. source: https://cryptonews.com/news/wall-street-groups-urge-basel-to-rethink-outdated-1250-crypto-capital-rules/