# ANNEX L - U.S. FEDERAL PRODUCT & PERIMETER MATRIX

> Balanced Exchange Framework (BEF) - Framework Version 1.0, 2026-08-22.
> Source of record: https://balancedexchangeframe.work/doc/annex-l

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 |