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My token's status is unclear. What should I do?

At a glance

Unclear

Unclear is our default. It means no court or regulator has classified the token and there isn't enough official evidence to say more. It does not mean the token is a security.

• Tokens with this status73 of the top 100
• Regulator (if enacted)SEC or CFTC (undecided)
• Checklist7 practical steps

Practical checklist

1. Be aware of delisting risk. In 2023, after the SEC alleged some tokens were securities, Robinhood ended support for SOL, ADA and MATIC (since relisted). See the delisting tracker.
2. Don't rely on a single venue. Check which licensed exchanges list it in your state, and that you can withdraw to a wallet you control.
3. Look for the issuer's disclosures. If the CLARITY Act passes, issuers raising money under its exemption would have to file disclosures with the SEC. See the disclosure reader.
4. 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 ↗
5. Check where you hold it. Use the exchange safety checker to see an exchange's licences, enforcement history and reserves.
6. Know your custody. Coins on an exchange aren't FDIC or SIPC insured. See the custody explainer.
7. Follow it. Add the token to your watchlist and check Alerts. Statuses change when courts, regulators or Congress act.

Tokens with this status

BNBBNBTRXTRXFIGRFIGR_HELOCZECZECHYPEHYPEXMRXMRUSDSUSDSWBTWBTLEOLEONEARNEARRAINRAINUSDeUSDe and more →