Sec. 15. Reciprocity for stablecoins issued in overseas jurisdictions
47 words·~1 min read·
/bill/119/s/394/is/section-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Federal Reserve, in collaboration with the Secretary of the Treasury, shall create and implement reciprocal arrangements or other bilateral agreements between the United States and jurisdictions with substantially similar payment stablecoin regulatory regimes to facilitate international transactions and interoperability with United States dollar-denominated stablecoins issued overseas.