REGULATION OF PAYMENT STABLECOINS
Title 12 - Banks and Banking
Definitions
Issuance and treatment of payment stablecoins
Requirements for issuing payment stablecoins
Approval of subsidiaries of insured depository institutions and Federal qualified payment stablecoin issuers
Supervision and enforcement with respect to Federal qualified payment stablecoin issuers and subsidiaries of insured depository institutions
State qualified payment stablecoin issuers
Anti-money laundering protections
Anti-money laundering innovation
Custody of payment stablecoin reserve and collateral
Treatment of payment stablecoin issuers in insolvency proceedings
Application of existing insolvency law
Interoperability standards
Rulemaking
Reports
Authority of banking institutions
Exception for foreign payment stablecoin issuers and reciprocity for payment stablecoins issued in overseas jurisdictions