US crypto licensing: start with the activity
Classify the asset, customer and money flow before determining whether money-services registration, state licensing or another federal or state regime applies. There is no single US crypto licence for every business model.
Initial authorities: FinCEN + relevant federal/state regulators. Capital and timing depend on the precise activity and states; FinPeel has not verified a universal figure.
Read FinCEN's MSB starting guide ↗