Anchorage Digital suggests modifying the GENIUS Act's stablecoin regulatory framework

Anchorage Digital has submitted a comment letter to the US Monetary Authority, suggesting adjustments to the stablecoin issuance rules under the GENIUS Act. The core recommendations include: recognizing the reserve asset segregation model of South Dakota's trust structure; Oppose quantitative requirements such as 10% daily liquidity deposits, 40% single custodian bank limit, and 20 day WAM, and advocate for principle based supervision based on stress testing; Cancel the maximum 7-day redemption delay mechanism triggered by a single day redemption exceeding 10%; Oppose treating all third-party payment benefits as "avoiding interest bans".