After 30 days the Secretary must publish the finding and bar secondary trading
To provide for the regulation of payment stablecoins, and for other purposes, section 8, Sec. 8.
Written by .
After 30 days the Secretary must publish the finding and bar secondary trading
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 8 in the PDF
What the document says
“If a foreign payment stablecoin issuer does not come into compliance with the lawful order within 30 days from the date of issuance of the written notice described in subsection (a), except as provided in subsection (c), the Secretary of the Treasury shall-- (A) publish the determination of noncompliance in the Federal Register”
Subsection (b)(1). Two steps follow: publication of the determination in the Federal Register, with a statement of the issuer's failure to comply with the lawful order after the written notice, and a notification in the Federal Register prohibiting digital asset service providers from facilitating secondary trading of that issuer's stablecoins in the United States. The prohibition takes effect 30 days after the notification is issued.
What the document actually says
“If a foreign payment stablecoin issuer does not come into compliance with the lawful order within 30 days from the date of issuance of the written notice described in subsection (a), except as provided in subsection (c), the Secretary of the Treasury shall-- (A) publish the determination of noncompliance in the Federal Register”
That sentence, in plain words
A foreign maker gets 30 days after the notice. If it still does not comply, the Treasury must act. It must print the finding in the daily record.
What this is about
The Treasury must also print a ban. The ban stops firms here from trading that maker's coins. It starts 30 days after that notice.
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
“After 30 days the Secretary must publish the finding and bar secondary trading,” 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-secondary-trading-prohibition/ (retrieved October 10, 2026).
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