The U.S. meanwhile was described as having an "alphabet soup of regulators" that makes issuing tokens more complex. Then there's also the individual 50 states that implement their own rules, such as the so called "BitLicense" in New York, and Delaware, the "home of American incorporation", which has introduced a variety of blockchain-related legislation.
Sokolin told CoinDesk that the complex regulatory environment in the U.S. means less experimentation is ongoing domestically:
"You see a bunch of countries working on passporting between these fintech sandboxes, where you can experiment and try things out. In the U.S., there's an OCC fintech charter, but it's for banks and it's not yet implemented."
Read the full story http://www.coindesk.com/state-ico-regulation-new-report-outlines-legal-status-6-nations/