Bill Text
The primary Federal payment stablecoin regulators shall, or in the case of a State qualified payment stablecoin issuer, the State payment stablecoin regulator shall, consistent with section 13, issue regulations implementing—
(i)
capital requirements applicable to permitted payment stablecoin issuers that—
(ii)
the liquidity standard under paragraph (1)(A);
(iii)
reserve asset diversification, including deposit concentration at banking institutions, and interest rate risk management standards applicable to permitted payment stablecoin issuers that—
(iv)
appropriate operational, compliance, and information technology risk management principles-based requirements and standards, including Bank Secrecy Act and sanctions compliance standards, that—
Parent Section
SEC. 4(4) .— Capital, liquidity, and risk management ...
Regulatory Agencies
Related Sections
Other sections under SEC. 4 › (a) › (4)