A denied State regulator may appeal to the D.C. Circuit
What the document says“A State payment stablecoin regulator in receipt of a denial under subparagraph (C)(ii) may appeal the denial to the United States Court of Appeals for the District of Columbia Circuit.”
Subsection (c)(5)(D). The appeal lies from a second denial, after the State has been given the chance to cure and has resubmitted. Under subparagraph (E) a denial does not stop the State from submitting a new certification.
What the document actually says“A State payment stablecoin regulator in receipt of a denial under subparagraph (C)(ii) may appeal the denial to the United States Court of Appeals for the District of Columbia Circuit.”
A state told no may take the case to court. The court is the one that sits in Washington, D.C.
This right comes after a second no. The state can also just start over. It may send in a new paper at any time.
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.