Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties provided

Summary

The law creates a licensing system for any person or entity that wants to issue or sell a payment stablecoin in Alabama. Only issuers that meet the state’s criteria and are approved by the Alabama Securities Commission may operate, and sales to consumers are barred after July 18 2028 unless the stablecoin comes from a permitted issuer. The measure aims to protect consumers and align state regulation with the federal GENIUS Act.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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