The Stablecoin Certification Review Committee is three officials voting by two thirds
What the document says“(i) the Secretary of the Treasury shall serve as Chair; and (ii) the Chair of the Board (or the Vice Chair for Supervision, as delegated by the Chair of the Board), and the Chair of the Corporation shall serve as members; and (B) which, unless otherwise specified in this Act, shall act by \2/3\ vote of its members at any meeting called by the Chair or by unanimous written consent.”
Paragraph (27). The committee has three members: the Secretary of the Treasury as Chair, the Chair of the Federal Reserve Board or the Vice Chair for Supervision by delegation, and the Chair of the Federal Deposit Insurance Corporation. Unless the Act says otherwise it acts by two thirds vote at a meeting called by the Chair, or by unanimous written consent. Section 4(c) gives it the certification of State regimes, and section 4(a)(12) and section 18(b) require a unanimous vote or a recommendation from each member.
What the document actually says“(i) the Secretary of the Treasury shall serve as Chair; and (ii) the Chair of the Board (or the Vice Chair for Supervision, as delegated by the Chair of the Board), and the Chair of the Corporation shall serve as members; and (B) which, unless otherwise specified in this Act, shall act by \2/3\ vote of its members at any meeting called by the Chair or by unanimous written consent.”
Three people sit on this group. The head of the Treasury leads it. The other two lead the Fed and the deposit insurer. Two of the three can act.
This group has jobs later in the law. It signs off on state rules. It also votes on a few other things. Those votes must be by all three.
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