In brief
- Eight trade groups have urged the Basel Committee to “temporarily pause” crypto standards set for January 2026.
- The associations warn current capital requirements of up to 1,250% for crypto assets far exceed those for traditional investments like corporate bonds.
- An industry expert told Decrypt the 2022 rules reflect outdated risk perceptions from the FTX crisis era rather than today’s more regulated environment.
Major financial industry associations are demanding that global banking regulators pause sweeping crypto rules they warn will effectively bar banks from the $2.8 trillion digital asset market.
Eight prominent trade groups, including the Global Financial Markets Association and the Institute of International Finance,…
Aug 20 2025
