🇺🇸 United States

The United States maintains a clear regulatory framework for cryptocurrencies primarily under Federal Securities Laws, with active SEC involvement in rulemaking and enforcement to protect investors and ensure market fairness.

Overview

StatusLegal
Risk Score25/100 (Low Risk)
Regionnorth america
CurrencyUSD
Adoption Rank#4

Tax Information

Capital Gains (Personal)Short-term gains (held ≤1 year) taxed as ordinary income at 10%-37% federal rates. Long-term gains (held >1 year) taxed at 0%, 15%, or 20% depending on taxable income. High earners may owe additional 3.8% Net Investment Income Tax (NIIT). No VAT. Form 1099-DA required from brokers for transactions on/after Jan 1, 2025.
Capital Gains (Corporate)21% federal corporate tax rate applies to crypto gains
VAT on CryptoNo
Staking TaxTaxed as ordinary income upon receipt
Airdrop TaxTaxed as ordinary income upon receipt

Crypto is taxed under existing income and capital gains tax rules, with no VAT applied to crypto transactions.

Licensing & Registration

RequiredYes
RegulatorSEC / CFTC / FinCEN / OCC / State Regulators
FrameworkFederal Securities Laws + GENIUS Act (Stablecoin) + SEC-CFTC Joint Crypto Classification Framework (March 2026) + CLARITY Act (pending)
Easehard
Cost (USD)$100,000 - $10,000,000+

Licensing is complex and involves multiple federal and state regulators, including SEC and FinCEN.

Enforcement Activity

Level: Aggressive

The SEC and CFTC have brought numerous enforcement actions against crypto exchanges, DeFi protocols, and token issuers. Major cases in 2024-2025 included actions against several top-10 exchanges. DOJ has pursued criminal cases for fraud and sanctions evasion.

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberYes
FATF Statuscompliant
FATF BodyFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi platforms are subject to existing securities and money transmission laws; regulatory scrutiny is increasing.

Stablecoins

Status: regulated

The GENIUS Act (signed July 18, 2025) established the first comprehensive federal stablecoin framework. Payment stablecoins require 1:1 reserves in USD or short-term Treasuries. Non-bank issuers >$10B regulated by OCC; smaller issuers by state regulators. Payment stablecoins are NOT securities or commodities. Issuers must comply with BSA/AML/OFAC. Stablecoin holders receive bankruptcy priority. Interest/yield on payment stablecoins is prohibited. OCC proposed implementing regulations (Bulletin 2026-3).

NFTs

Status: Unclear

The SEC has indicated that some NFTs, particularly fractionalized NFTs and NFTs sold with expectations of profit, may be securities. No NFT-specific regulation exists. Enforcement has been case-by-case.

Mining

LegalYes
Electricity Cost$0.084/kWh
Renewable Energy23%
Infrastructureexcellent

Mining is legal and supported by robust infrastructure, though energy costs vary regionally.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index67/100
Banking Accessopen

Risk Factors

US is geopolitically stable. Not subject to OFAC/UN/EU sanctions — rather, it is the primary sanctions-imposing authority. Active OFAC enforcement against crypto addresses linked to Iran, Russia, and other sanctioned parties. Regulatory uncertainty reduced significantly with GENIUS Act and SEC-CFTC joint framework in 2025-2026 but full market structure legislation (CLARITY Act) still pending Senate passage.

Sources

Frequently Asked Questions

Is cryptocurrency legal in United States?

The United States maintains a clear regulatory framework for cryptocurrencies primarily under Federal Securities Laws, with active SEC involvement in rulemaking and enforcement to protect investors and ensure market fairness.

What is the FATF status of United States?

United States is classified by FATF as: compliant.

Are VASPs licensed in United States?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in United States?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map

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