The Basel Committee on Banking Supervision is set to re-evaluate its stringent cryptocurrency capital rules following opposition from the US and UK. The current framework, which includes a 1250% risk weighting for cryptocurrency exposure, has been criticized for hindering banks' participation in crypto and stablecoin services. Erik Thedéen, Chairman of the Basel Committee, highlighted the need to reassess these rules, especially in light of the rapid growth of regulated stablecoins. Thedéen noted that the increasing adoption of stablecoins requires new measures and a swift analysis of their risks. He suggested that stablecoins might need to be treated differently under the regulatory framework. Despite these considerations, reaching a consensus remains challenging due to differing views among regulators on the risk profile of cryptocurrencies and the role of banks in digital asset issuance. The Basel Committee's review of these rules, initially set to be implemented next year, reflects the evolving landscape of digital finance.