Florida § 560.505 - State certification.
Full text of Florida Florida Statutes § 560.505 — State certification., with citation guidance and answers to common questions.
§ 560.505. State certification.
(1) The office shall submit an initial certification to the federal Stablecoin Certification Review Committee, on a form prescribed by the committee, in accordance with the timeline established by the committee for accepting certifications, attesting that the state regulatory regime meets the criteria for substantial similarity to the GENIUS Act, Pub. L. No. 119-27, as required under that act. (2) No later than the date to be determined by the United States Secretary of the Treasury each year, the office must submit to the Stablecoin Certification Review Committee an additional certification that confirms the accuracy of the initial certification submitted. (3) The office must comply with the requirements of s. 4(c)(4) of the GENIUS Act, Pub. L. No. 119-27, to ensure the state receives certification and annual recertification by the Stablecoin Certification Review Committee of the state regulatory regime.
Frequently Asked Questions About Florida § 560.505
What does Florida Statutes § 560.505 cover?
Section 560.505 ("State certification.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 560.505?
A common citation format is "Florida Statutes § 560.505" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 560.505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.