Six GOP senators led by Cynthia Lummis urge the Fed, FDIC, and OCC to revise the 1,250% capital risk weight on digital assets they call a de facto ban on

US Senate Republicans have called on financial regulators to clarify the capital treatment for crypto, and have taken issue with international banking standards for holding crypto.

A growing dispute in Washington over bank capital requirements could have major implications for institutional bitcoin adoption. Senators are challenging