Redemption of stablecoins is added to the automatic stay
To provide for the regulation of payment stablecoins, and for other purposes, section 11, Sec. 11.
Written by .
Redemption of stablecoins is added to the automatic stay
The document says “is amended”Who acts: CongressHow: statuteSec. 11 in the PDF
What the document says
“"(9) the redemption of payment stablecoins issued by the permitted payment stablecoin issuer, from payment stablecoin reserves required to be maintained under section 4 of the GENIUS Act."”
Subsection (c)(1). The words are added as a new paragraph (9) of section 362(a) of title 11, United States Code. What section 362(a) provides for the acts already listed there is not recorded here, because title 11 is not indexed on this site.
What the document actually says
“"(9) the redemption of payment stablecoins issued by the permitted payment stablecoin issuer, from payment stablecoin reserves required to be maintained under section 4 of the GENIUS Act."”
That sentence, in plain words
This adds one line to a list in the bankruptcy code. The line is about handing coins back for money. The money comes from the backing this law requires.
What this is about
When a firm files, some acts against it stop at once. That freeze is called the automatic stay. This line joins the list of acts it covers.
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. 11, 139 Stat. 457 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ27/html/PLAW-119publ27.htm
This page
“Redemption of stablecoins is added to the automatic stay,” Guiding and Establishing National Innovation for U.S. Stablecoins Act, section 11, Sec. 11. Read the Mandate, https://readthemandate.org/guiding-establishing-national-innovation-u-s/proposal/sec11-automatic-stay/ (retrieved October 10, 2026).
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