A determination may be rescinded, with a 90 day safe harbor
What the document says“The Secretary of the Treasury may, in consultation with the Federal payment stablecoin regulators, rescind a determination made under paragraph (1), if the Secretary determines that the regulatory regime of such foreign country is no longer comparable to the requirements established under this”
Subsection (b)(4). Before a rescission takes effect the Secretary must publish a justification in the Federal Register. Where a determination is rescinded, a digital asset service provider has 90 days before an offer or sale of that issuer's stablecoin is in violation of section 3. Under paragraph (5) the Secretary is to keep and make publicly available a current list of the countries for which a determination has been made.
What the document actually says“The Secretary of the Treasury may, in consultation with the Federal payment stablecoin regulators, rescind a determination made under paragraph (1), if the Secretary determines that the regulatory regime of such foreign country is no longer comparable to the requirements established under this”
The Treasury may take back a call it made about a country. It does so if that country's rules no longer match. It must talk to the federal watchdogs first.
It must print why before the change bites. Firms here then get 90 days. After that, selling those coins breaks part three.
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.