Anchorage Digital submitted its GENIUS Act implementation comments, emphasizing the importance of a stablecoin regulatory framework.

CoinFeed reported on May 2nd that Anchorage Digital submitted a rulemaking opinion to the Office of the Comptroller of the Currency (OCC) on May 1st regarding the implementation of the GENIUS Act, stating that the framework will determine how stablecoins operate in the United States. Anchorage Digital stated that as the first federally regulated stablecoin issuer, it has already issued stablecoins for Tether, OSL Group, and Ethena, and plans to launch UDSPT in partnership with Western Union. It also anticipates becoming a Licensed Payment Stablecoin Issuer (PPSI) after the act takes effect.