Regulation of Payment Stablecoins | Midpage

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United States Code

Chapter 56

Regulation of Payment Stablecoins

5901Definitions 5902Issuance and treatment of payment stablecoins 5903Requirements for issuing payment stablecoins 5904Approval of subsidiaries of insured depository institutions and Federal qualified payment stablecoin issuers 5905Supervision and enforcement with respect to Federal qualified payment stablecoin issuers and subsidiaries of insured depository institutions 5906State qualified payment stablecoin issuers 5907Anti-money laundering protections 5908Anti-money laundering innovation 5909Custody of payment stablecoin reserve and collateral 5910Treatment of payment stablecoin issuers in insolvency proceedings 5911Application of existing insolvency law 5912Interoperability standards 5913Rulemaking 5914Reports 5915Authority of banking institutions 5916Exception for foreign payment stablecoin issuers and reciprocity for payment stablecoins issued in overseas jurisdictions