requiring a payment stablecoin issuer or institution-affiliated party to cease and desist from any such violation or practice and to take affirmative action to prevent or remedy such receivership, insolvency, dissipation, condition, or prejudice pending completion of such proceedings. (2) Effective date An order described under paragraph (1) shall become effective upon service on the payment stablecoin issuer or the institution-affiliated party and, unless set aside, limited, or suspended by a court, remain effective and enforceable pending the completion of the administrative proceedings pursuant to such notice and until such time as the applicable payment stablecoin regulator removes the suspension or the cease-and-desist order has expired. (k) Judicial review Not later than 10 days after the date a payment stablecoin issuer concerned or any institution-affiliated party has been served with a temporary cease-and-desist order, the payment stablecoin issuer or such party may apply to the appropriate United States district court, or the United States District Court for the District of Columbia, for an injunction setting aside, limiting, or suspending the enforcement, operation, or effectiveness of such order pending the completion of the administrative proceeding pursuant to the notice of charges served upon the payment stablecoin issuer or such party under subsection (g)(4), and such court shall have jurisdiction to issue such injunction. (l) Enforcement of temporary cease and desist orders In the case of a violation or attempted violation of, or failure to obey, a temporary cease-and-desist order issued pursuant to this section, the applicable payment stablecoin regulator may apply to the appropriate United States district court, or the United States court of any territory, for an injunction to enforce such order, and, if the court determines that there has been such violation or attempted violation or failure to obey, it shall be the duty of the court to issue such injunction. (m) Failure To register or be