0xd0fe2019…4331sent to0x886d4059…f90a·#23,078,790·view on Etherscan
# Update Approved Jurisdictions to Include USA (version 1.50 of Adopted Guidance)
## Background
As the M0 network continues to grow and find demand across the globe, and with the recent passing of the GENIUS act in the United States, ecosystem actors are interested in seeing the broadening of approved jurisdictions. In order to facilitate the onboarding of compliant Minters and collateral storage structures in the future, this proposal recommends the addition of the United States of America as an approved jurisdiction.
## Proposed Changes
### Change #1
#### Section: 3.4. Approved Jurisdictions
**Old:** Given the current technological conditions, and the nature of the Eligible Collateral proposed by the Adopted Guidance, any form of collateral shall only be recognized as Eligible Collateral by the Validator if the SPV is located in one of the jurisdictions listed below:
- Luxembourg
- The Cayman Islands
**New:** Given the current technological conditions, and the nature of the Eligible Collateral proposed by the Adopted Guidance, any form of collateral shall only be recognized as Eligible Collateral by the Validator if the Collateral Storage is located in one of the jurisdictions listed below:
- Luxembourg
- The Cayman Islands
- United States of America
## Ratification of the Present Proposal
The execution of the present proposal shall follow the streamlined Adopted Guidance change process. In such a case - and assuming no other conflicting changes to the Adopted Guidance are proposed in this cycle, the changes mentioned above will have resulted in the proposed version 1.50 of the Adopted Guidance document, as found in the link below. Upon approval of the present proposal, the ratified version of the Adopted Guidance will be updated on [https://docs.m0.org](https://docs.m0.org), and communicated to ecosystem actors.
[https://github.com/m0-foundation/adopted-guidance/blob/main/m0_adopted_guidance_v1.50.pdf](https://github.com/m0-foundation/adopted-guidance/blob/main/m0_adopted_guidance_v1.50.pdf)
New document hash `f171a7c05bdd1e39a14d4799deda12f632195a64014b49688f10c5e3a7a7c28f`.
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