Overview

• The coalition’s open letter asks the Basel Committee to temporarily pause the January 2026 rollout, gather updated data on DLT use cases, and consider redesigning or recalibrating the standard.
• The current standard gives assets on permissionless blockchains a 1250% risk weight, a treatment the associations say makes bank participation uneconomical.
• Signatories include the Institute of International Finance, the Global Financial Markets Association, ISDA, the Global Blockchain Business Council, and the Banking Policy Institute, alongside regional bodies across the US, Europe and Asia.
• The Basel Committee issues nonbinding standards, and a national supervisor told reporters he was unsure his jurisdiction would implement the crypto rules when they take effect.
• The BIS had no immediate comment, and US Fed vice chair for supervision Michelle Bowman said the timetable remains under discussion as US authorities take a different approach to crypto.