One Year After GENIUS, Anchorage Digital Calls for Full Market Structure Rules
The GENIUS Act was a test: could the United States onshore a growing industry, which had been pushed outside the U.S. regulatory perimeter, through thoughtful legislation? One year in, the answer is clear. Institutions have committed real capital, global companies have chosen U.S. infrastructure, and major stablecoin issuance has moved onto federally supervised American platforms.
But the job is only partly finished. On GENIUS’ one-year anniversary, Anchorage Digital is renewing its call for Congress to pass the CLARITY Act and extend the clear market-structure rules that worked for stablecoins to the broader digital asset economy.
“America ran an experiment with the GENIUS Act, and it worked,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “We proved we can hold this technology to a bank-grade standard and still bring innovation home. Our regulatory system is one of the country’s greatest national assets, and when we expand that regulatory tent deliberately, America gets stronger. CLARITY is how we expand it again.”
Anchorage Digital has helped drive that innovation home. As America’s first federally chartered digital asset bank to issue stablecoins, we currently power five stablecoins with issuance technology, reserve custody, compliance, and controls. We have also helped bring significant global activity onshore, including Ethena Labs’ USDtb and Tether’s U.S. institutional stablecoin, USAT.
The stakes reach well beyond crypto. The next generation of financial technology, including payments that AI agents can initiate and settle on their own, will be built on the financial infrastructure taking shape now. And the rules Congress writes today will determine whether that future is built inside the American system, under U.S. oversight, or somewhere beyond our reach.
One year after GENIUS, the results offer a clear lesson: when there is a path to build in America, companies take it.
About Anchorage Digital
Anchorage Digital is the proven infrastructure layer for modern financial markets that gives institutions a single platform to participate in digital assets, including prime services, tokenization, stablecoins, and the governance framework for agentic finance. Home to Anchorage Digital Bank N.A., America’s first federally regulated digital asset bank, Anchorage Digital also serves institutions through Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, X, YouTube, and LinkedIn.
Press Contacts:
Anchorage Digital
press@anchorage.com
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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