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Code · BILL · 119th Congress · S. 1582 (Enrolled) — To provide for the regulation of payment stablecoins, and for other purposes. · Sec. 12

Sec. 12. Interoperability standards

96 words·~1 min read·/bill/119/s/1582/enr/section-12·

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The primary Federal payment stablecoin regulators, in consultation with the National Institute of Standards and Technology, other relevant standard-setting organizations, and State bank and credit union regulators, shall assess and, if necessary, may, pursuant to section 553 of title 5, United States Code, and in a manner consistent with the National Technology Transfer and Advancement Act of 1995 ( Public Law 104–113 ), prescribe standards for permitted payment stablecoin issuers to promote compatibility and interoperability with— other permitted payment stablecoin issuers; and the broader digital finance ecosystem, including accepted communications protocols and blockchains, permissioned or public.
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  • Pub. L. 104-113
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Sec. 12
Interoperability standards
Pub. L.Pub. L. 104-113
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