Definitions

In this chapter: The term “appropriate Federal banking agency” has the meaning given that term in section 1813 of this title. The term “Bank Secrecy Act” means— The term “Board” means the Board of Governors of the Federal Reserve System. The term “Comptroller” means the Office of the Comptroller of the Currency. The term “Corporation” means the Federal Deposit Insurance Corporation. The term “digital asset” means any digital representation of value that is recorded on a cryptographically secured distributed ledger. The term “digital asset service provider”— means a person that, for compensation or profit, engages in the business in the United States (including on behalf of customers or users in the United States) of— does not include— The term “distributed ledger” means technology in which data is shared across a network that creates a public digital ledger of verified transactions or information among network participants and cryptography is used to link the data to maintain the integrity of the public ledger and execute other functions. The term “distributed ledger protocol” means publicly available and accessible executable software deployed to a distributed ledger, including smart contracts or networks of smart contracts. The term “Federal branch” has the meaning given that term in section 1813 of this title. The term “Federal qualified payment stablecoin issuer” means— an uninsured national bank— The term “foreign payment stablecoin issuer” means an issuer of a payment stablecoin that is— With respect to a permitted payment stablecoin issuer, the term “institution-affiliated party” means any director, officer, employee, or controlling stockholder of the permitted payment stablecoin issuer. The term “insured credit union” has the meaning given that term in section 1752 of this title. The term “insured depository institution” means— The term “lawful order” means any final and valid writ, process, order, rule, decree, command, or other requirement issued or promulgated under Federal law, issued by a court of competent jurisdiction or by an authorized Federal agency pursuant to its statutory authority, that— The term “monetary value” means a national currency or deposit (as defined in section 1813 of this title) denominated in a national currency. The term “money”— The term “national currency” means each of the following: The term “nonbank entity” means a person that is not a depository institution or subsidiary of a depository institution. The term “offer” means to make available for purchase, sale, or exchange. The term “payment stablecoin”— means a digital asset— the issuer of which— does not include a digital asset that— The term “permitted payment stablecoin issuer” means a person formed in the United States that is— The term “person” means an individual, partnership, company, corporation, association, trust, estate, cooperative organization, or other business entity, incorporated or unincorporated. The term “primary Federal payment stablecoin regulator” means— The term “registered public accounting firm” has the meaning given that term under section 7201 of title 15. The term “Stablecoin Certification Review Committee” means the committee of that name and having the functions as provided in this chapter— of which— The term “State” means each of the several States of the United States, the District of Columbia, and each territory of the United States. The term “State chartered depository institution” has the meaning given the term “State depository institution” in section 1813(c) of this title. The term “State payment stablecoin regulator” means a State agency that has primary regulatory and supervisory authority in such State over entities that issue payment stablecoins. The term “State qualified payment stablecoin issuer” means an entity that— The term “subsidiary” has the meaning given that term in section 1813 of this title. With respect to an insured credit union, the term “subsidiary of an insured credit union” means—