SEC. 4 › (e)

(e) .— Misrepresentation of Insured Status

Bill Text

§4(e)

(e) .— Misrepresentation of Insured Status

§4(e)(1)

(1) .— In general

Payment stablecoins shall not be backed by the full faith and credit of the United States, guaranteed by the United States Government, subject to deposit insurance by the Federal Deposit Insurance Corporation, or subject to share insurance by the National Credit Union Administration.

§4(e)(2)

(2) .— Misrepresentation of insured status

§4(e)(3)

(3) .— Marketing

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 › (d)(d) .— Transition to Federal Oversight SEC. 4 › (f)(f) .— Officers or Directors Convicted of Certa...SEC. 4 › (g)(g) .— Clarification Relating to Federal Saving...