After three years a service provider may not sell an uncleared stablecoin
What the document says“Except as provided in subsection (c) and section 18, beginning on the date that is 3 years after the date of enactment of this Act, it shall be unlawful for a digital asset service provider to offer or sell a payment stablecoin to a person in the United States, unless the payment stablecoin is issued by a permitted payment stablecoin issuer.”
Subsection (b)(1). The Act was approved July 18, 2025, so the three year period runs from that date. The prohibition is on the service provider rather than the issuer, and it is subject to the safe harbors in subsection (c) and to the exception for foreign issuers in section 18.
What the document actually says“Except as provided in subsection (c) and section 18, beginning on the date that is 3 years after the date of enactment of this Act, it shall be unlawful for a digital asset service provider to offer or sell a payment stablecoin to a person in the United States, unless the payment stablecoin is issued by a permitted payment stablecoin issuer.”
Three years after this law passed, a new ban starts. A digital coin firm may not sell one of these coins here. It may sell one only if a cleared firm made it.
The law was signed on July 18, 2025. So the ban starts in July 2028. Part 18 sets out when a foreign maker's coin can still be sold.
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