SEC. 4 › (h)
(h) .— Rulemaking
📜 Rulemaking Required
Bill Text
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§4(h)(1)
(1) .— In general
Consistent with section 13, the primary Federal payment stablecoin regulators shall, and State payment stablecoin regulators may, issue such regulations relating to permitted payment stablecoin issuers as may be necessary to establish a payment stablecoin regulatory framework necessary to administer and carry out the requirements of this section, including to establish conditions, and to prevent evasion thereof.
§4(h)(2)
(2) .— Coordinated issuance of regulations
All regulations issued to carry out this section shall be issued in coordination by the primary Federal payment stablecoin regulators, if not issued by a State payment stablecoin regulator.
Parent Section
SEC. 4REQUIREMENTS 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 ComptrollerSEC. 4 › (c)(c) .— State-level Regulatory RegimesSEC. 4 › (d)(d) .— Transition to Federal OversightSEC. 4 › (e)(e) .— Misrepresentation of Insured StatusSEC. 4 › (f)(f) .— Officers or Directors Convicted of Certa...