A customer's claim to stablecoins held in custody has priority
To provide for the regulation of payment stablecoins, and for other purposes, section 10, Sec. 10.
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A customer's claim to stablecoins held in custody has priority
The document says “shall”Who acts: CongressHow: statuteSec. 10 in the PDF
What the document says
“With respect to payment stablecoins held by a person described in subsection (a) for a customer, with or without the segregation required under paragraph (1), the claims of the customer against such person with respect to such payment stablecoins shall have priority”
Subsection (c)(3). The customer's claim ranks ahead of the claims of any person other than another customer with respect to stablecoins held by the same custodian, unless the customer expressly consents to the priority of the other claim. The priority holds whether or not the segregation required by paragraph (1) was carried out.
What the document actually says
“With respect to payment stablecoins held by a person described in subsection (a) for a customer, with or without the segregation required under paragraph (1), the claims of the customer against such person with respect to such payment stablecoins shall have priority”
That sentence, in plain words
A customer's claim on coins held for them comes first. This holds even if the firm failed to keep them apart.
What this is about
Other customers of the same firm rank alongside. Everyone else ranks behind. A customer may agree to give up that place.
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. 10, 139 Stat. 455 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“A customer's claim to stablecoins held in custody has priority,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 10, Sec. 10. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec10-customer-priority/ (retrieved October 10, 2026).
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