Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Policy Reference
United States
Explore US crypto laws, including SEC and CFTC oversight, exchange rules, taxes, AML compliance, and digital asset regulation.
State Explorer
United States state crypto law tracker
Track state-level crypto legislation, strategic reserve proposals, licensing regimes, and enforcement frameworks.
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SEC Staff Accounting Bulletin No. 121
SAB 121; 87 FR 21015 Agency guidanceSEC Digital Asset Funds and Custody Regime
15 USC 80a/80b; 17 CFR 270.17f, 275.206(4)-2; RIN 3235-AN46 RegulationOCC Interpretive Letter 1186 Bank Crypto-Asset Network Fees
OCC Interpretive Letter No. 1186 Agency guidanceOCC Interpretive Letter 1183 on Bank Crypto-Asset Activities
OCC Interpretive Letter 1183 Agency guidanceNYDFS Stablecoin Guidance
NYDFS Industry Letter, June 8, 2022 Agency guidanceNYDFS Limited Purpose Trust Company Virtual Currency Regime
NY Banking Law Art. 3; 23 NYCRR Part 200 RegulationNYDFS Coin Listing Guidance
NYDFS Industry Letter, Nov. 15, 2023 Agency guidanceNorth Dakota Virtual Currency Kiosk Licensing Law
HB 1447; Chapter 143; NDCC §§ 13-09.1-50 to -54 ActNew York NYDFS Virtual Currency Assessment Regulation
23 NYCRR Part 102; DFS-03-23-00002-A RegulationNew Hampshire Strategic Reserve Established (HB 302)
HB 302 / 2025 N.H. Laws ch. 4 / RSA 6:8-d ActInformation is for general purposes only and not legal advice. See full disclaimer.