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U.S Code last checked for updates: Jul 29, 2025
All Titles
Title 12
Chapter 56
§ 5910. Treatment of payment sta...
§ 5912. Interoperability standar...
§ 5910. Treatment of payment sta...
§ 5912. Interoperability standar...
U.S. Code
Notes
§ 5911.
Application of existing insolvency law
In accordance with otherwise applicable law, an insolvency proceeding with respect to a permitted payment stablecoin issuer shall occur as follows:
(1)
A depository institution (as defined in
section 1813 of this title
) shall be resolved by the Federal Deposit Insurance Corporation, National Credit Union Administration, or State payment stablecoin regulator, as applicable.
(2)
A subsidiary of a depository institution (as defined in
section 1813 of this title
) or a nonbank entity may be considered a debtor under title 11.
(
Pub. L. 119–27, § 11(g)
,
July 18, 2025
,
139 Stat. 458
.)
cite as:
12 USC 5911
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