SEC. 3 › (f)
(f) .— Penalty for Violation
enforcement
Bill Text
||
§3(f)(1)
(1) .— In general
Whoever knowingly participates in a violation of subsection (a) shall be fined not more than $1,000,000 for each such violation, imprisoned for not more than 5 years, or both.
§3(f)(2)
(2) .— Referral to attorney general
If a primary Federal payment stablecoin regulator has reason to believe that any person has knowingly violated subsection (a), the primary Federal payment stablecoin regulator may refer the matter to the Attorney General.
Parent Section
SEC. 3ISSUANCE AND TREATMENT OF PAYMENT STABLECOINS