Far too many people are wrongly guided as to the exemption of money transmitter licenses for their cryptocurrency project. The fact is, in most cases, a money transmitter license is required for cryptocurrency projects in the United States. Just because a state says you’re exempt, does really mean all that. Examine the intent, your transaction set and your flow of funds.
This video explains why (in my opinion) you need to consider that you most probably need a money transmitter license for your cryptocurrency project.
Here is another video you also might want to see: How Much Does A Money Transmitter License Cost? Some $ figures for you!