The application described in paragraph (1) shall be deemed approved unless the Board finds, by unanimous vote of all members, that the depository institution is unlikely to come into compliance with the requirements of section 7(b) not later than 1 year after the date of enactment of this Act. (3) Issuance permitted A depository institution to which this subsection applies may continue with issuance, redemption and other similar activities relating to a payment stablecoin under this subsection until its application is approved or denied by the Board. (d) Findings relating to certain activities Congress finds the following: (1) In determining whether an activity is financial in nature under the Bank Holding Company Act ( 12 U.S.C. 1841 et seq. ), Congress has required the Board under such Act to— (A) consider changes or reasonably expected changes in the marketplace in which financial companies compete