Strategy CEO Phong Le has highlighted the significant impact of the Basel Accords on banking participation in digital assets, including Bitcoin. In a statement on the X platform, Le emphasized that the global capital standards and risk-weighted asset rules set by the Basel Committee influence how banks engage with cryptocurrencies. He urged the United States to reassess its implementation of these requirements if it aims to become the "global crypto capital." The Basel Committee, comprising central banks and regulatory agencies from 28 jurisdictions, including the US, develops these frameworks.