The Comptroller or a State regulator must be heard in the case
To provide for the regulation of payment stablecoins, and for other purposes, section 11, Sec. 11.
Written by .
The Comptroller or a State regulator must be heard in the case
The document says “is amended”Who acts: Office of the Comptroller of the Currency, State payment stablecoin regulatorsHow: statuteSec. 11 in the PDF
What the document says
“"(c) The Comptroller of the Currency or State payment stablecoin regulator (as defined in section 2 of the GENIUS Act) shall raise, and shall appear and be heard on, any issue, including the protection of customers, in a case under this chapter in which the debtor is a permitted payment stablecoin issuer."”
Subsection (f). The words are added as a new subsection (c) of section 1109 of title 11, United States Code. The right and duty to be heard is stated broadly, and the protection of customers is named as an example of the issues covered.
What the document actually says
“"(c) The Comptroller of the Currency or State payment stablecoin regulator (as defined in section 2 of the GENIUS Act) shall raise, and shall appear and be heard on, any issue, including the protection of customers, in a case under this chapter in which the debtor is a permitted payment stablecoin issuer."”
That sentence, in plain words
A watchdog must speak up in one of these cases. It may raise any issue. Protecting customers is named as one.
What this is about
This applies when the failed firm is a cleared coin maker. Either a federal office or the state watchdog takes part. The court must hear them.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, sec. 11, 139 Stat. 457 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“The Comptroller or a State regulator must be heard in the case,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 11, Sec. 11. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec11-regulator-intervention/ (retrieved October 10, 2026).
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