United States Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Commodity Futures Trading Commission, Securities and Exchange Commission, Uniform Law Commission

Risk Level

medium

Primary Legislation

Bank Secrecy Act (1970), Securities Act of 1933 / Securities Exchange Act of 1934 (1933), GENIUS Act (2025), State trust companies (STCs) can act as qualified custodians for RIAs and regist, California passed the Digital Financial Assets Law (DFAL) in October 2023 (AB 39, Uniform Regulation of Virtual-Currency Businesses Act, Digital Asset Market Clarity Act (H.R. 3633) (2026), Bank Secrecy Act (BSA), enacted in 1970, includes provisions relevant to cryptoc, Commodity Exchange Act, Section 1b(3), defines virtual currencies as commodities, SB 305 (2025): Enacted law establishing registration and operating requirements, Maryland Financial Consumer Protection Act of 2018: Directed study of blockchain, South Carolina Blockchain Industry Empowerment Act, Strategic Digital Assets Reserve Act, Recent proposed bill (early 2025, unnamed in source): Aims to regulate crypto pa, Early 2025 bill discussions on payments/taxes/mining.2, Wyoming Money Transmitters Act/HB 0075: https://natlawreview.com/article/wyoming

Travel Rule

Adopted — Threshold: $3,000

Tax Reporting

IRS treats crypto as property; capital gains/losses on disposal; Form 1099-DA (effective 2026); Form 1040 crypto question mandatory; mining/staking taxed as ordinary income. The 2024 Treasury regulation extending the digital-asset broker definition to DeFi front-end service providers was revoked by Congress under the Congressional Review Act in early 2025. Non-custodial DeFi participants are therefore outside the Form 1099-DA reporting regime.

Key Facts

Data collection in progress. This country's compliance facts are queued for research by our AI worker fleet. Check back soon or access data via MCP.