Us Cryptocurrency Regulation

The landscape of US Cryptocurrency Regulations in 2025 is a complex and evolving framework, combining federal and state-level rules. Each of the 50 states, Washington D.C., and U.S. territories—such as Guam, Puerto Rico, and the U.S. Virgin Islands—has its own set of laws governing money services businesses (MSBs), virtual currencies, and crypto assets. While compliance requirements vary, many states mandate a money transmitter license (MTL) to operate with cryptocurrency. At the federal level, MSBs and virtual currency service providers must adhere to regulations enforced by agencies like the Financial Crimes Enforcement Network (FinCEN) and the Treasury Department’s Office of Foreign Assets Control (OFAC). These include registering with FinCEN and complying with anti-money laundering (AML) and know-your-customer (KYC) requirements. ...