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My token is a likely digital commodity. What should I do?

At a glance

Likely digital commodity

Usually nothing urgent. A 'likely digital commodity' status means official evidence (for example the SEC naming the token as a digital commodity, or CFTC-regulated futures) points away from it being a security.

• Tokens with this status16 of the top 100
• Regulator (if enacted)CFTC
• Checklist6 practical steps

Practical checklist

1. Nothing changes legally today. The CLARITY Act isn't law. If it passes, these tokens would mostly trade on CFTC-registered digital commodity exchanges, brokers and dealers (House-passed text, Title IV).
2. Commodity isn't the same as safe. Prices can still fall sharply. The status is about which regulator applies, not about value.
3. Keep good records. The IRS treats digital assets as property, so sales and swaps can be taxable whatever the token's legal status. IRS: Digital assets ↗
4. Check where you hold it. Use the exchange safety checker to see an exchange's licences, enforcement history and reserves.
5. Know your custody. Coins on an exchange aren't FDIC or SIPC insured. See the custody explainer.
6. Follow it. Add the token to your watchlist and check Alerts. Statuses change when courts, regulators or Congress act.

Tokens with this status

BTCBTCETHETHXRPXRPSOLSOLDOGEDOGELINKLINKADAADAXLMXLMBCHBCHLTCLTCAVAXAVAXHBARHBAR and more →