Jurisdiction reference
United States
Regulator: FinCEN / SEC / CFTC / States. License/registration context: Licensing. 3832 VASP/entity records are tracked by Plexo Institute in United States. Official registry source: FinCEN MSB Registry. Data last updated: 2026-08-28.
GENIUS Act (Public Law 119-27) establishes a federal framework for payment stablecoins with 1:1 reserves, permitted issuers, and prudential oversight. Allows banks and OCC-chartered nonbanks to issue fiat-backed payment stablecoins. Effective 18 months after signing or 120 days after final rules.
Regulatory Status
- Jurisdiction code
- US
- Regime
- Licensing
- Regulator
- FinCEN / SEC / CFTC / States
- Governing law
- BSA / State MTL / BitLicense (NY)
- Travel Rule
- Enforced
- Tracked entities
- 3832
- Recognized stablecoin backing
- fiat-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- USD
Regulatory approach
OCC supervises nonbank stablecoin issuers; Federal Reserve oversees bank holding companies; Treasury coordinates; Local State regulators handle state-chartered entities. This dual federal-state system allows for flexibility.
Relationship Graph
Jurisdiction FAQ
Who regulates United States?
The current Plexo Institute record lists FinCEN / SEC / CFTC / States as the regulator for United States.
How many VASPs are tracked in United States?
3832 VASP/entity records are tracked by Plexo Institute in United States.
What is the Travel Rule status in United States?
The current Plexo Institute record lists the Travel Rule status for United States as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.