The first comprehensive U.S. framework for payment stablecoins. Explore requirements, regulatory authorities, and compliance timelines in one place.
Only permitted payment stablecoin issuers: banks, credit unions, or licensed nonbank entities
SEC. 41:1 backing with cash, Treasury bills, or other high-quality liquid assets
SEC. 5-7OCC for federal issuers, State regulators for state-qualified issuers, with Treasury coordination
SEC. 2018 months after enactment, or 120 days after final regulations
Click an agency to see its authorities and rulemakings
Regulates commodity futures and options markets
Federal executive department responsible for promoting economic prosperity
Insures deposits and examines financial institutions
Central banking system of the United States
Combats money laundering and financial crimes
Identifies risks to US financial stability
Key deadlines after enactment
Treasury must report to Congress within 7 days of issuing any sanctions waivers or licenses for stablecoin activities
Treasury
Secretary of the Treasury shall submit to the chairs and ranking members of the ...
Treasury
Secretary of the Treasury shall submit to the chairs and ranking members of the ...
Treasury
Report Required Not later than 180 days after the effective date of this Act, ea...
Attorney General and the Secretary of the Treasury shall submit to the Committee...
Treasury