Bank of America has appointed senior leaders to enhance its digital assets and AI initiatives across Global Markets, signaling a strategic push into the crypto space. Sonali Theisen, the bank's global head of FICC electronic trading, will now also oversee the development of a global digital assets platform. Kevin Milsom has been named head of platforms AI transformation, while Adam Dixon continues as digital asset transformation chief, focusing on tokenized deposits, crypto settlement, and custody. This move comes as the market speculates on the potential migration of $6 trillion in bank deposits to stablecoins, contingent on regulatory changes allowing stablecoins to pay interest. The GENIUS Act, signed in July 2025, set a deadline for regulatory implementation by July 2026, which has been missed, pushing the operative date to January 2027. Meanwhile, major banks like JPMorgan and Citi are advancing their tokenized deposit networks, indicating a growing institutional adoption of stablecoins despite a broader crypto market downturn.