SEC. 8 › (a)

(a) .— Payment Stablecoins Issued by a Foreign Payment Stablecoin Issuer

foreign-issuers

Bill Text

||
§8(a)(1)

(1) .— In general

A payment stablecoin that is issued by a foreign payment stablecoin issuer may not be publicly offered, sold, or otherwise made available for trading in the United States by a digital asset service provider unless the foreign payment stablecoin issuer has the technological capability to comply and complies with the terms of any lawful order.

§8(a)(3)

(3) .— Appeal

A determination of noncompliance under this subsection is subject to judicial review in the United States Court of Appeals for the District of Columbia Circuit.