US Regulatory Perimeter

Definition ∞ The US regulatory perimeter defines the boundaries and scope of legal authority exercised by various United States government agencies over financial activities and digital assets. This perimeter determines which regulations apply to specific entities or products within the country’s jurisdiction. It outlines the operational limits for market participants. It establishes legal boundaries.
Context ∞ For cryptocurrency and digital asset businesses, understanding the US regulatory perimeter is paramount for compliance, as multiple agencies like the SEC, CFTC, and FinCEN assert jurisdiction. Significant debate exists over whether certain digital assets fall under securities, commodities, or other classifications, creating regulatory uncertainty. Legislative efforts continue to clarify and potentially expand this perimeter to address novel financial technologies.