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: official registry source. Data last updated: 2026-07-10.

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
Travel Rule: Enforced
Tracked entities: 3832
Currency: USD

Stablecoin Thesis And Contrast

The jurisdiction profile should distinguish law, bill, guidance, consultation, enforcement, and market practice before it becomes indexable. The durable search angle is not a generic country page; it is the contrast between how United States treats payment tokens, crypto assets, reserve backing, issuer licensing, and supervisory authority.

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

Source confidence: official source evidence. Indexing decision: runtime hardening required before indexing.