Anchorage Digital has proposed revisions to the GENIUS Act's stablecoin regulatory framework in a letter to the U.S. Office of the Comptroller of the Currency. The firm recommends recognizing South Dakota trust structures' reserve asset segregation model and opposes certain quantitative requirements, including a 10% daily liquidity deposit and a 40% limit on single custodian exposure. Anchorage also advocates for principle-based regulation focused on stress testing. Additionally, Anchorage suggests removing the mechanism that triggers a maximum seven-day redemption delay when daily redemptions surpass 10%. The company also opposes classifying third-party payment proceeds as a "circumvention of interest bans" in all cases, arguing for more nuanced regulatory approaches.