BofA Is Looking for ‘Legal Clarity,' as It Explores Stablecoin Initiatives, CEO Says
1. BAC explores stablecoin initiatives amid Congressional bill discussions. 2. Moynihan emphasizes need for legal clarity for stablecoin implementation. 3. Other banks like JPMorgan and Citi also pursuing stablecoin strategies. 4. Potential guidelines could emerge soon from the GENIUS Act. 5. Crypto-related stocks rose following confidence in legislative progress.