The United States presents a distinctive approach to fintech regulation, characterized by a complex, multi-layered framework that reflects the nation’s federated governance structure. U.S. regulators have largely opted to adapt existing financial regulations to address the rapidly evolving fintech sector, which has resulted in a patchwork of federal and state regulations, with numerous agencies asserting jurisdiction over various aspects of fintech operations based on the specific financial activities involved rather than the technology itself. The resulting landscape requires fintech entities to navigate multiple regulatory frameworks simultaneously, creating both challenges and opportunities for market participants.
LINKS
Read the chapter titled "Fintech Law: USA" in Lexology In-Depth: Fintech Law - Edition 8, co-authored by Nicholas Martin. (subscription)