SEC. 8

SEC. 8. ANTI-MONEY LAUNDERING PROTECTIONS

📜 Rulemaking Required🏛️ Treasuryamlconsumer

Bill Text

§8📜 Rulemaking

SEC. 8. ANTI-MONEY LAUNDERING PROTECTIONS

§8(a)

(a) .— Payment Stablecoins Issued by a Foreign Payment Stablecoin Issuer

§8(b)

(b) .— Publication of Designation; Prohibition on Secondary Trading

§8(c)

(c) .— Waiver and Licensing Authority Exemptions

§8(d)

(d) .— Rule of Construction

Nothing in this Act shall be construed as altering the existing authority of the Secretary of the Treasury to block, restrict, or limit transactions involving payment stablecoins that reference or are denominated in United States dollars that are subject to the jurisdiction of the United States.

Regulatory Agencies

Treasury

Department of the Treasury