Annex L records the U.S. federal activation position as at 18 August 2026. “READY” means the identified federal layer has no unresolved material issue under the stated strict facts; it does not close state law. “HOLD” means no U.S. public/retail activation until the listed gate is completed.
Product / function | 1.0 Federal status | Main U.S. issue | Gate |
|---|---|---|---|
Underlying LANA | CONDITIONAL | SEC/CFTC classification; asset vs transaction/scheme; GENIUS stablecoin test | CP-40 |
Registered LANA status | CONDITIONAL | Must not create profit share/yield/redemption/security rights by overlay | CP-40 |
Lana.discount strict proprietary treasury | READY / fact-sensitive | FinCEN FIN-2014-R002 own-account baseline; OFAC/IRS separate | CP-41/48/47 |
P07 BuyLana.com / Purchase & Delivery | CONDITIONAL | Spot/fixed-delivery possible; investment-contract risk from Split/future-value marketing | CP-40/43 |
P02 direct merchant LANA payment | CONDITIONAL | Asset classification + tax/consumer; state payment/VC rules | CP-42/51 |
P19 Mode B merchant fiat settlement | HOLD | Potential MSB/payment processor/state MTL; own-funds label not enough | CP-46 |
Lana8Wonder Growth Phase - retail | HOLD | Investment-contract/securities + “annuity” terminology + future-value communications | CP-43/44/50 |
Direct.Lana.Fund public/retail | HOLD | Securities/private fund/adviser/broker/lending/crowdfunding | CP-44/50 |
Donation/grant Common Good | CONDITIONAL | Charity/tax-deductibility and state solicitation rules; distinguish investment CF | CP-45/51 |
Investment/lending crowdfunding | HOLD | Reg CF/D/A or other securities route + registered intermediary where required | CP-45/50 |
Customer crypto custody | HOLD | FinCEN/state VC + securities custody/safeguarding if security | CP-52/42 |
Digital Beings technical assistance | CONDITIONAL | No unlicensed personalized investment advice/broker/execution/customer-funds role | CP-49/52 |
KYC/biometrics | CONDITIONAL | Obliged-entity status + state privacy/biometric rules | CP-49 |
Clean Provenance / OFAC | CONDITIONAL -> READY after implementation | Sanctions screening/escalation applicable to U.S. persons/jurisdiction | CP-48 |
IRS digital-asset reporting | CONDITIONAL | 1099-DA for in-scope customer sales; counterparty tax documentation | CP-47 |
P24 external Native Coin product | CONDITIONAL / HOLD by coin & function | Asset/transaction classification + FinCEN/state MTL + securities/commodity + OFAC/IRS; coin-specific Registrar/Split architecture does not replace legal classification | CP-53/54/55/56/57/57 + state activation |