[Basel Committee Reassesses Bank Crypto Asset Capital Rules Originally Set to Take Effect Next Year] According to Bloomberg, the global banking regulatory body, the Basel Committee, is reevaluating its crypto asset capital rules for banks due to the accelerated development of stablecoins. The U.S. has advocated for revisions, arguing that the current standards impose the same 1250% risk weight on 'permissionless' stablecoins like USDC and USDT as on Bitcoin, which is excessively high. The European Central Bank prefers implementing the current rules first and reviewing them later. The EU has already allowed stablecoins to be treated with equivalent capital requirements based on their reserve assets. The UK is set to announce its stablecoin regulatory framework this month; Singapore has postponed implementation by one year; Hong Kong plans to roll out regulations in 2026 while lowering requirements for licensed stablecoins. The Basel Committee has delayed the overall implementation by one year.