Policy Reference

United States

Explore US crypto laws, including SEC and CFTC oversight, exchange rules, taxes, AML compliance, and digital asset regulation.

SEC and CFTC, with FinCEN for AML/MSB obligations

State Explorer

United States state crypto law tracker

Track state-level crypto legislation, strategic reserve proposals, licensing regimes, and enforcement frameworks.

50States tracked 41With profiles
Interactive United States map showing state-level crypto law coverage status.
Comprehensive framework Active framework In progress
States Status 50 tracked
Alabama AL In progress 1 profile Alaska AK In progress 0 profiles Arizona AZ Active framework 4 profiles Arkansas AR Active framework 3 profiles California CA Comprehensive framework 3 profiles Colorado CO Active framework 2 profiles Connecticut CT Active framework 2 profiles Delaware DE Active framework 3 profiles Florida FL Active framework 3 profiles Georgia GA Active framework 3 profiles Hawaii HI Active framework 0 profiles Idaho ID In progress 2 profiles Illinois IL Comprehensive framework 5 profiles Indiana IN Active framework 1 profile Iowa IA Active framework 3 profiles Kansas KS Active framework 2 profiles Kentucky KY Active framework 0 profiles Louisiana LA Comprehensive framework 3 profiles Maine ME In progress 2 profiles Maryland MD Active framework 3 profiles Massachusetts MA In progress 3 profiles Michigan MI Active framework 3 profiles Minnesota MN Active framework 2 profiles Mississippi MS Active framework 0 profiles Missouri MO Active framework 1 profile Montana MT Active framework 2 profiles Nebraska NE Active framework 3 profiles Nevada NV Active framework 2 profiles New Hampshire NH Active framework 2 profiles New Jersey NJ In progress 0 profiles New Mexico NM Active framework 0 profiles New York NY Comprehensive framework 5 profiles North Carolina NC Active framework 5 profiles North Dakota ND Active framework 1 profile Ohio OH In progress 5 profiles Oklahoma OK In progress 6 profiles Oregon OR Active framework 0 profiles Pennsylvania PA Active framework 2 profiles Rhode Island RI Active framework 1 profile South Carolina SC Active framework 1 profile South Dakota SD Active framework 3 profiles Tennessee TN Active framework 4 profiles Texas TX Active framework 4 profiles Utah UT Active framework 2 profiles Vermont VT Active framework 0 profiles Virginia VA In progress 2 profiles Washington WA Active framework 1 profile West Virginia WV Active framework 0 profiles Wisconsin WI Active framework 1 profile Wyoming WY Comprehensive framework 8 profiles
State
Status
Topic
Law Type
Asset Class

Law database

143 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
Connecticut Virtual Currency Money Transmission Regime HB 6800; HB 5211; HB 7082 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Connecticut Money Transmission Act, as applied to virtual currency

Connecticut treats many virtual currency custody, exchange, wallet and kiosk activities as money transmission, requiring a state license and imposing bonding, disclosure, receipt, custody, fee-limit and consumer-protection rules.

Last action: Oct 1, 2025 - PA 25-66 listed by Connecticut DOB as effective Oct. 1, 2025 for virtual-currency custody, disclosure, public-sector and minors’ app provisions.

Profile State source
NYDFS Limited Purpose Trust Company Virtual Currency Regime NY Banking Law Art. 3; 23 NYCRR Part 200 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

New York Banking Law limited purpose trust company charter for virtual currency business activity

New York charter route for virtual currency entities operating as limited purpose trust companies under DFS approval, supervision, custody, AML, cybersecurity and customer-protection standards.

Last action: Sep 30, 2025 - DFS issued updated custody-structure guidance applying to BitLicensees and New York Banking Law limited purpose trust companies that custody virtual currency.

Profile State source
SEC Digital Asset Funds and Custody Regime 15 USC 80a/80b; 17 CFR 270.17f, 275.206(4)-2; RIN 3235-AN46 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Investment Company Act of 1940; Investment Advisers Act of 1940; SEC digital asset fund and custody framework

U.S. SEC fund/adviser custody framework for covered crypto assets, including existing 1940 Act and Advisers Act rules, 2025 state trust company no-action relief, and pending custody-rule agenda activity.

Last action: Sep 30, 2025 - SEC staff issued no-action relief for registered advisers and regulated funds using qualifying state trust companies for crypto custody.

Profile Advisers Act Custody Rule, 17 CFR 275.206(4)-2
Illinois Digital Asset Kiosks Act (Virtual Currency Kiosk Consumer Protection) SB 2319 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Sponsored by Sen. Laura Ellman (D)

Digital Asset Kiosks Act

Illinois’ Digital Asset Kiosks Act sets consumer protections for crypto kiosks, including transaction limits, fee caps, disclosures, refunds, fraud controls, and IDFPR rulemaking.

Last action: Aug 18, 2025 - Governor approved SB 2319 as Public Act 104-0429; effective immediately.

Next: Jul 1, 2027 - Registration implementation

Profile State source Milestone source
Illinois Digital Assets and Consumer Protection Act SB1797 Partially effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Sponsored by Sen. Mark L. Walker (D)

Digital Assets and Consumer Protection Act

Illinois DACPA creates a state registration and supervision regime for digital asset business activity, with disclosures, custody rules, compliance programs and phased 2027 registration.

Last action: Aug 18, 2025 - Governor approved SB1797 as Public Act 104-0428; effective Aug. 18, 2025.

Next: Jan 1, 2027 - Customer-protection transition ends

Profile State source 205 ILCS 731 Digital Assets and Consumer Protection Act
FinCEN 2019 Convertible Virtual Currency Guidance FIN-2019-G001 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies

FinCEN’s 2019 CVC guidance explains how U.S. BSA money services business rules apply to common virtual currency business models.

Last action: Aug 4, 2025 - CVC kiosk notice cites guidance

Profile FIN-2019-G001 guidance landing page
Executive Order 14178: Strengthening American Leadership in Digital Financial Technology EO 14178; 90 FR 8647; FR Doc. 2025-02123 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Executive Order 14178 of January 23, 2025: Strengthening American Leadership in Digital Financial Technology

U.S. executive order revoking EO 14067, setting federal digital asset policy, creating the President’s Working Group on Digital Asset Markets, and directing agencies not to establish, issue, or promote CBDCs except as required by law.

Last action: Jul 30, 2025 - President’s Working Group released recommendations/report under EO 14178.

Profile Federal Register: Executive Order 14178
Interagency Crypto-Asset Safekeeping Statement Joint Statement (Jul. 14, 2025); OCC Bulletin 2025-17 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Crypto-Asset Safekeeping by Banking Organizations

Joint OCC/Fed/FDIC statement on existing risk-management principles for banking organizations providing or considering crypto-asset safekeeping services.

Last action: Jul 14, 2025 - OCC, Federal Reserve, and FDIC issued the joint statement on crypto-asset safekeeping risk-management considerations.

Profile Crypto-Asset Safekeeping by Banking Organizations
Connecticut Digital Currency Kiosk Consumer Protection Regime HB 6752; HB 5211; HB 7082 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Sponsored by Connecticut Banking Committee (Unknown)

Conn. Gen. Stat. § 36a-613 — Virtual currency kiosks. Disclosures. Receipts. Maximum fees. Maximum daily transaction limit. Cancellation and refund.

Connecticut’s §36a-613 sets crypto ATM protections, including disclosures, receipts, fee and transaction caps, fraud-refund rights, ID checks, wallet screening and senior-customer calls.

Last action: Jun 30, 2025 - Latest amendment signed by the Governor as Public Act 25-66.

Profile State source
Texas SB 21: Strategic Bitcoin Reserve and Investment Act SB 21 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Sponsored by Sen. Charles Schwertner (R)

Relating to the establishment and administration of the Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds.

Texas SB 21 creates a special fund outside the state treasury for bitcoin and qualifying cryptocurrency, administered by the comptroller with advisory, custody, liquidity, audit, and biennial reporting provisions.

Last action: Jun 20, 2025 - Signed by the Governor; effective immediately.

Next: Dec 31, 2026 - First biennial reserve report

Profile State source SB 21 enrolled bill text

Information is for general purposes only and not legal advice. See full disclaimer.