Sec. 15. Amendments to clarify that payment stablecoins are not securities
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/bill/119/hr/2392/rh/section-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 202(a)(18) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a)(18) ) is amended by adding at the end the following: The term . security does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025. The Investment Company Act of 1940 is amended— in section 2(a)(36) ( 15 U.S.C. 80a–2(a)(36) ), by adding at the end the following: The term ; and security does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025. in section 3(c) ( 15 U.S.C. 80a–3(c) ), by adding at the end the following:
Any permitted payment stablecoin issuer, as such term is defined in section 2 of the STABLE Act of 2025. . Section 2(a)(1) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(1) ) is amended by adding at the end the following: The term . security does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025. Section 3(a)(10) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(10) ) is amended by adding at the end the following:
The term . security does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025. Section 16(14) of the Securities Investor Protection Act of 1970 ( 15 U.S.C. 78lll(14) ) is amended by adding at the end the following: The term . security does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025.
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- 15 USC 80b–2(a)(18)
- 15 USC 80a–2(a)(36)
- 15 USC 80a–3(c)
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Sec. 15
Amendments to clarify that payment stablecoins are not securities
Cite15 USC 80b–2(a)(18)
Cite15 USC 80a–2(a)(36)
Cite15 USC 80a–3(c)
Cites 6Cited by 0 across 0 sources