Is Kraken allowed in USA?

As a professional practitioner in the field of cryptocurrency and finance, I'm often approached with questions regarding the legality and regulations surrounding various crypto platforms. Recently, I was asked, "Is Kraken allowed in USA?" The questioner seemed genuinely curious about the status of Kraken in the United States, perhaps considering using the platform for their crypto transactions. They wanted to ensure that using Kraken wouldn't land them in any legal trouble. I understood their concern, as the crypto industry is still relatively unregulated in many parts of the world, including the US. However, I assured them that Kraken is a legitimate and well-regulated crypto exchange that operates in the US. It's registered with the Financial Crimes Enforcement Network (FinCEN) and abides by all applicable laws and regulations. I also mentioned that while crypto transactions are generally unregulated at the federal level in the US, they may be subject to state-level regulations depending on where the transaction takes place. Therefore, it's always advisable to check with local authorities or legal experts before engaging in crypto activities. Overall, the questioner seemed satisfied with my response and seemed more confident about using Kraken for their crypto transactions.