(a) An Alabama qualified payment stablecoin issuer shall comply with 12 U.S.C. § 5902(a) and any regulations adopted by federal governmental entities implementing the GENIUS Act.
(b) The commission, through the adoption of rules pursuant to Section 8-7B-8 or other means of notice, shall identify the federal laws and regulations applicable to Alabama qualified payment stablecoin issuers. The commission shall ensure that the minimum federal requirements apply to all Alabama qualified payment stablecoin issuers in the state.
History: (Act 2026-354, §1.)