Banks Push Back Against Strict Crypto Rules

Several of the world’s largest financial associations — including the Global Financial Markets Association, the Institute of International Finance, and ISDA — have urged the Basel Committee on Banking Supervision to pause the rollout of new crypto asset rules scheduled for January 2026.

In their joint letter, the groups argue that the current standards are too restrictive and economically impractical for banks that want to integrate digital assets into their operations. They stress that the market has evolved significantly, and regulatory frameworks must reflect today’s realities rather than outdated assumptions.