Regulators may waive the Act for up to 12 months for pending applicants
To provide for the regulation of payment stablecoins, and for other purposes, section 5, Sec. 5.
Written by .
Regulators may waive the Act for up to 12 months for pending applicants
The document says “can”Who acts: primary Federal payment stablecoin regulatorsHow: statuteSec. 5 in the PDF
What the document says
“The primary Federal payment stablecoin regulators may waive the application of the requirements of this Act for a period not to exceed 12 months beginning on the effective date of this Act”
Subsection (f). The waiver reaches two cases: a subsidiary of an insured depository institution where the institution has an application pending for that subsidiary on the effective date, and a Federal qualified payment stablecoin issuer with a pending application on that date. Section 20 sets the effective date.
What the document actually says
“The primary Federal payment stablecoin regulators may waive the application of the requirements of this Act for a period not to exceed 12 months beginning on the effective date of this Act”
That sentence, in plain words
A watchdog may hold this law back for up to a year. The year starts on the day the law takes effect.
What this is about
This is for firms whose request is already in. Their case has not been settled yet. Part 20 sets the day the law starts to bite.
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.
Guiding and Establishing National Innovation for U.S. Stablecoins Act, Public Law 119-27, sec. 5, 139 Stat. 439 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“Regulators may waive the Act for up to 12 months for pending applicants,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 5, Sec. 5. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec05-pending-application-safe-harbor/ (retrieved October 10, 2026).
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