**[Anchorage Digital Submits GENIUS Act Implementation Comments, Emphasizes Importance of Stablecoin Regulatory Framework]** The content of the comment letter submitted by Anchorage Digital to the U.S. Office of the Comptroller of the Currency (OCC) reveals that Anchorage Digital Bank (ADB) has proposed several amendments to the stablecoin issuance rules (NPRM) under the GENIUS Act. Key demands include: urging the OCC to recognize its model of segregating reserve assets through a South Dakota trust structure and providing corresponding arrangements in capital, financial statement disclosures, and bankruptcy resolution; opposing rigid quantitative requirements such as a mandatory 10% daily liquidity deposit, a 40% cap on single custodian holdings, and a 20-day WAM, advocating instead for principle-based regulation grounded in stress testing and liquidity realization capabilities; recommending the removal of the mechanism that automatically triggers a maximum 7-day redemption delay if single-day redemptions exceed 10%, arguing that such a "gate" could instead provoke a run; and opposing the blanket presumption that any yield paid to token holders by third parties or affiliates constitutes "interest circumvention," expressing concerns that this could stifle innovation.