Bank of America Delays Stablecoin Launch Until Regulations are in Place

The cryptocurrency world is watching closely as Bank of America hesitates to launch its own stablecoin until comprehensive regulations and market infrastructure are established. The U.S. Senate is working on a bill, the GENIUS Act, to regulate stablecoins with clear rules around backing and auditing. CEO Brian Moynihan states that the bank wants clarity before entering this new market. If regulations are in place, Bank of America will assess if it makes strategic sense to launch its own stablecoin. !