A lawful order is a final Federal command to freeze or burn stablecoins
What the document says“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-- (A) requires a person to seize, freeze, burn, or prevent the transfer of payment stablecoins issued by the person”
Paragraph (16). The order must be final and valid, issued under Federal law by a court of competent jurisdiction or by an authorized Federal agency acting under its statutory authority. It must require a person to seize, freeze, burn or prevent the transfer of payment stablecoins the person issued, specify the stablecoins or accounts subject to blocking with reasonable particularity, and be subject to judicial or administrative review or appeal as provided by law. Sections 4(a)(6)(B) and 8 turn on the term.
What the document actually says“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-- (A) requires a person to seize, freeze, burn, or prevent the transfer of payment stablecoins issued by the person”
A court or a federal agency can send this kind of order. It tells a coin maker to hold, stop or destroy coins it made. The order must be final and valid.
The order has to name which coins or accounts it hits. It also has to be open to appeal. Section 4 says a maker must be able to obey one.
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