In a significant move for the crypto industry, Hawaii has waived the requirement for crypto firms to hold a Money Transmitter License (MTL) to operate within the state. This regulatory change could potentially pave the way for increased blockchain and crypto-related activities in the region. However, while the MTL requirement has been lifted, crypto firms must still adhere to all federal licensing laws. This development underscores the evolving regulatory landscape for cryptocurrencies and blockchain technology, highlighting the need for firms to stay abreast of both state and federal regulations.