TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

New York

BitLicense (New York)

The world's first crypto exchange licence, issued by the New York Department of Financial Services from 2015, establishing requirements for virtual currency businesses operating in New York and influencing exchange licensing globally.

Donovan Vanderbilt · February 24, 2026

BitLicense: New York's Crypto Regulation That Changed an Industry

Introduced in 2015 by the NYDFS, the BitLicense became the most debated state-level crypto regulation in US history — driving companies out of New York while shaping regulatory frameworks globally.

Donovan Vanderbilt · February 24, 2026 · 7 min read

State-Level Crypto Laws: Wyoming Leads, New York Restricts, and the Rest Follow

In the absence of federal legislation, US states created a patchwork of crypto regulation — from Wyoming's permissive blockchain laws to New York's restrictive BitLicense, with 48 variations in between.

Donovan Vanderbilt · February 24, 2026 · 8 min read
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