Bank of America CEO says regulation is unclear, demand is limited, and stablecoin plans are suspended
2025-07-17 04:57:30
Bank of America CEO Brian Moynihan reiterated the bank's cautious stance on stablecoins during Wednesday's earnings call, noting that the regulatory environments are not yet clear and customer demand is insufficient. While the bank has "done a lot of work" on stablecoins, Moynihan stressed that adoption will depend on a clear legal framework and actual needs.
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