Scott Johnsson
Scott Johnsson|May 16, 2025 18:56
This doesn't work guys. "Foreign payment stablecoin issuers" are by definition not permitted payment stablecoin issuers. They are foreign issuers that may or may not be operating in the US, and may or may not be required to comply with the reserve and other operational requirements under the Act. The rest of this section only applies to permitted payment stablecoin issuers, and there is a separate section that addresses comparable regulatory regimes where this prohibition should be considered. This is confused and incongruent to add this prohibition to them here.
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