SEC. 18 › (c) › (1) › (C)

(C) .— Standards for rejection

🏛️ OCCforeign-issuers

Bill Text

||

In determining whether to reject a foreign payment stablecoin issuer’s registration, the Comptroller shall consider

§18(c)(1)(C)(i)

(i)

the final determination of the Secretary of the Treasury under this section;

§18(c)(1)(C)(ii)

(ii)

the financial and managerial resources of the United States operations of the foreign payment stablecoin issuer;

§18(c)(1)(C)(iii)

(iii)

whether the foreign payment stablecoin issuer will provide adequate information to the Comptroller as the Comptroller determines is necessary to determine compliance with this Act;

§18(c)(1)(C)(iv)

(iv)

whether the foreign payment stablecoin presents a risk to the financial stability of the United States; and

§18(c)(1)(C)(v)

(v)

whether the foreign payment stablecoin issuer presents illicit finance risks to the United States.