June 27 (Cointime) - The European Union has reached a political agreement on new bank-capital legislation that includes rules to prevent unbacked cryptocurrencies from entering the traditional financial system. The deal was announced by the European Parliament's Economic and Monetary Affairs committee after a meeting with representatives from the European Parliament, national governments, and the European Commission. The legislation also includes controversial changes to how banks assess the risk of corporate and home loans, and must now be voted on by member states in the EU's Council and by lawmakers to become law. The Basel Committee on Banking Supervision is currently finalizing a global crypto banking rulebook that assigns a maximum risk weight of 1,250% to free-floating cryptocurrencies, but the EU appears to be in favor of a compromise that would soften the strict stance for regulated stablecoins.