In Nov. 6 statements, both exchanges said trading, deposits and withdrawals remained operational. Delta denied cross-border digital-asset transfers.

Listed customers could lose access to exchange-held assets before a court reviews their designation, and an appeal would not automatically lift the restrictions.

The activity matters: securities offerings and trading, commodity derivatives and spot-market fraud fall under different powers. A proposal is not the same as an exemption or a law.

OFAC’s official tool searches names and exact crypto addresses. A result still requires identity checks, while an unlisted wallet or company can remain subject to blocking rules.

The $3,000 threshold remains in place, including for qualifying crypto transfers under FinCEN's existing guidance.

The framework exempts annual net gains of up to €500 and is scheduled to apply from January 2027.

The Assembly voted 458–0 against the revenue section. The crypto measures could return through amendments in the Senate, whose budget debate is scheduled to begin Nov. 20.

The levy would tax asset value rather than gains, with covered brokers required to collect it from Illinois customers.

Annual reports will link customer identities to fiat trades, token swaps and transfers, including withdrawals to external wallets.

The incoming majority will control key House committees and oversight, while the CLARITY Act remains stalled at the Senate floor.