The prohibition ends when the Secretary finds the issuer no longer noncompliant
To provide for the regulation of payment stablecoins, and for other purposes, section 8, Sec. 8.
Written by .
The prohibition ends when the Secretary finds the issuer no longer noncompliant
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 8 in the PDF
What the document says
“The prohibition on facilitation of secondary trading described in paragraph (1)(B) shall expire upon the Secretary of the Treasury's determination that the foreign payment stablecoin issuer is no longer noncompliant.”
Subsection (b)(3). Consistent with section 13, the Secretary is to specify the criteria a noncompliant foreign issuer must meet for that determination to be made. On making it, the Secretary must publish the determination in the Federal Register with a statement detailing how the issuer met the criteria.
What the document actually says
“The prohibition on facilitation of secondary trading described in paragraph (1)(B) shall expire upon the Secretary of the Treasury's determination that the foreign payment stablecoin issuer is no longer noncompliant.”
That sentence, in plain words
The ban ends when the Treasury says the maker is back in step. That call lifts it.
What this is about
The Treasury must first set out what a maker has to do. It must then print how the maker met the test. Part 13 sets the clock for those rules.
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. 8, 139 Stat. 450 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“The prohibition ends when the Secretary finds the issuer no longer noncompliant,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 8, Sec. 8. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec08-prohibition-expiry/ (retrieved October 10, 2026).
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