Instead then of mapping CRUD operations to HTTP, you would map your application semantics to HTTP methods via link relations. Link relations let you go as far past CRUD as you would like to go depending on your domain and allow you to describe your states and state machine.
I always think a good way to think about a hypermedia state machine is in the context of HTML. Consider a todo app example. You might enter the application and get an empty list of todo items. If you have permissions to add a todo, you might have a "create todo" HTML form. Once you use that form, that todo has a new form called "mark complete." Once invoked, that todo has new transitions called "mark incomplete" or "archive." Once archived, you might see a new form for "unarchive." All of this captures the state machine and transitions in the REST API itself using domain-specific semantics.
Of course, there are other ways of solving this problem, but REST with hypermedia is a great way to work with state machines. There are lots of hypermedia JSON formats out there if you're interested in exploring (e.g. HAL, Siren, Collection+JSON, etc.).