Is Crypto Legal Tender in the U.S.?

Crypto is legal in the U.S., but it is not considered legal tender

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Crypto exchanges are legal in the U.S., but regulations vary by state and regulator

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The federal crypto regulators in the U.S. include the SEC, CFTC, Treasury Department (IRS), Office of the Comptroller of the Currency, and FinCEN

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They are most important crypto regulators as they determine if crypto is a money transmitter, security, or commodity

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The U.S. aims to establish a functional regulatory framework

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Crypto profits are subject to taxation in the U.S. due to financial information obtained from exchanges like Binance or Coinbase

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Crypto generated through mining is not considered a security, but if it passes the Howey Test, it falls under SEC jurisdiction and is regarded as one

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