Thanks for your comment! It will be very interesting to see how it all plays out, that's for sure.
I would expect that more of the exchanges (if they want to obtain U.S clients) will have to register with individual states as well. I have found a few that aren't authorized in my home state, so I am unable to open an account. I guess I could, but I choose not to (that's the compliance officer coming out. LOL) Others it seems don't care. Gemini is requesting registration from individual states, and there are just a handful that they are waiting on. Pretty interesting to read terms and conditions.