Bank of America CEO Brian Moynihan is making headlines as the bank explores launching a U.S.-based stablecoin, signaling a major shift toward digital finance. Moynihan emphasized the need for regulatory clarity, tying the initiative to legislation like the GENIUS Act. In Q2, BofA posted $7.1 billion in profit, with strong trading revenue and a robust outlook. Moynihan also reaffirmed support for the Federal Reserve’s independence and highlighted growing AI and crypto-related efforts. As BofA modernizes its strategy, investors are watching for stablecoin partnerships and further digital expansion. The bank’s focus remains on innovation, regulatory alignment, and resilient consumer performance.
