1 So in original. Probably should be “this”.
chapter;
2 So in original.
to a de minimis volume of transactions, as determined by the Secretary of the Treasury.
3 So in original. The word “to” probably should not appear.
any transaction involving the receipt of digital assets by an individual between an account owned by the individual in the United States and an account owned by the individual abroad that are offered by the same parent company; or
Delayed Effective Date of Section

For delayed effective date of section, see Effective Date note below.

Editorial Notes
References in Text

This chapter, referred to in subsecs. (c)(1)(A) and (h)(2), was in the original “this Act”, meaning Puspan. L. 119–27, July 18, 2025, 139 Stat. 419, known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act and also as the GENIUS Act, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 5901 of this title and Tables.

Statutory Notes and Related Subsidiaries
Effective Date

Section effective on the earlier of the date that is 18 months after July 18, 2025, or the date that is 120 days after the date on which the primary Federal payment stablecoin regulators issue any final regulations implementing Puspan. L. 119–27, see section 20 of Puspan. L. 119–27, set out as a note under section 5901 of this title.