Financial Coalition Urges Basel Committee to Recalibrate Crypto Prudential Standards

A coalition of global financial trade associations, alongside technical advisors Boston Consulting Group, Ashurst, and Sullivan & Cromwell, has called for a pause and recalibration of the Basel Committee's Cryptoasset Exposures Standard (SCO60). The Joint Trades argue that the current framework imposes excessively conservative capital requirements on cryptoassets, misaligning with actual risk profiles and stifling innovation.

The group's letter to the Basel Committee on Banking Supervision highlights inconsistencies with market risk practices and urges revisions ahead of the January 2026 implementation deadline. An accompanying report, *The Impact of DLT in Capital Markets: Ready for Adoption, Time to Act*, underscores how distributed ledger technology is transforming securities issuance, collateral management, and fund operations—delivering efficiency gains, transparency, and risk mitigation.