Senate Republicans Urge Regulators to Clarify Crypto Capital Rules
Senator Cynthia Lummis is leading a group of lawmakers calling on financial regulators to provide fair capital treatment for digital assets held on balance sheets. The push seeks clearer rules for how banks and other firms account for crypto holdings.
Senator Cynthia Lummis is leading a group of lawmakers urging financial regulators to clarify how crypto assets should be treated under capital rules. The effort calls for “fair capital treatment for on-balance sheet treatment of digital assets.”
The lawmakers are pressing watchdogs to provide clearer guidance for firms that hold digital assets directly on their balance sheets. Their request centers on how regulators assess capital requirements for these holdings.
The appeal adds to broader calls from lawmakers and industry participants for more defined regulatory treatment of crypto assets within the financial system. The group argues that clearer rules would help establish more consistent treatment across regulated institutions.