SEC. 4 › (d)

(d) .— Transition to Federal Oversight

Bill Text

§4(d)

(d) .— Transition to Federal Oversight

§4(d)(1)

(1) .— Depository institution

A State chartered depository institution that is a State qualified payment stablecoin issuer with a payment stablecoin with a consolidated total outstanding issuance of more than $10,000,000,000 shall—

§4(d)(2)

(2) .— Other institutions

A State qualified payment stablecoin issuer not described in paragraph (1) with a payment stablecoin with a consolidated total outstanding issuance of more than $10,000,000,000 shall—

§4(d)(3)

(3) .— Waiver

Parent Section

SEC. 4

REQUIREMENTS FOR ISSUING PAYMENT STABLECOINS

Related Sections

Other sections under SEC. 4

SEC. 4 › (a)(a) .— Standards for the Issuance of Payment St...SEC. 4 › (b)(b) .— Regulation by the Comptroller SEC. 4 › (c)(c) .— State-level Regulatory Regimes SEC. 4 › (e)(e) .— Misrepresentation of Insured Status SEC. 4 › (f)(f) .— Officers or Directors Convicted of Certa...SEC. 4 › (g)(g) .— Clarification Relating to Federal Saving...