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Heads up: The CLARITY Act is not law. Statuses are rules-based estimates from public evidence, not legal or financial advice.
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Is GHO a security?

#92 by market cap · Last updated Oct 19, 2026 (evidence re-checked)
$0.9984 ▼ 0.04%Mkt cap $698M

At a glance

Unclear
  • Confidence
  • US exchange accessNot on Coinbase US list
  • Regulator (if enacted)SEC or CFTC (undecided)
  • Evidence4 sources · 2 official

Is GHO (GHO) a security?

Unclear. A dollar-pegged token that third-party analysis says likely falls outside the GENIUS Act 'payment stablecoin' definition. The SEC says such stablecoins may or may not be securities depending on facts.

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What this means for you

There's no official US classification yet, so treatment could go either way. Watch for SEC or CFTC statements and exchange listing changes. Pro alerts flag these for you.

What should I do if my token is "unclear"? →

Regulator 2Background 1Exchange listing 12 official2 third-party

Why this status

  • R5: a dollar-pegged token that third-party analysis says likely falls outside the GENIUS Act 'payment stablecoin' definition. The SEC says such stablecoins may or may not be securities depending on facts.

Decentralisation ("mature blockchain" test): Not independently assessed. No reliable, sourced data on control or supply concentration was gathered for this review.

Evidence (4 sources)

2 official
  1. BackgroundThird-partyOct 19, 2026 · CoinGecko

    No project description found on CoinGecko.

    CoinGecko: GHO ↗
  2. Exchange listingThird-partyAbsent / not foundOct 19, 2026 · Coinbase

    GHO does not appear on Coinbase's 'US (incl. NY) Trading Assets' list (other US platforms not checked).

    Coinbase Digital Asset Disclosures: 'US (incl. NY) Trading Assets' list ↗
  3. RegulatorOfficial sourceAbsent / not foundMar 23, 2026 · Federal Register (SEC & CFTC)

    GHO is not among the SEC's named examples of digital commodities in the March 2026 interpretation.

    SEC interpretation (with CFTC guidance): Application of the Federal Securities Laws to Certain Types of Crypto Assets, Release 33-11412 ↗
  4. RegulatorOfficial sourceMar 23, 2026 · Federal Register (SEC & CFTC)

    SEC interpretation: stablecoins other than permitted payment stablecoins may be securities depending on facts and circumstances.

    SEC interpretation (with CFTC guidance): Application of the Federal Securities Laws to Certain Types of Crypto Assets, Release 33-11412 ↗

Rules by country

🇺🇸United States
Unclear

Unclear (ClarityCheck estimate, low-medium confidence). The CLARITY Act is not law, so today the SEC's and CFTC's existing frameworks apply.

🇪🇺European Union (MiCA)
Not in ESMA's EMT register

Not found in ESMA's interim MiCA register of e-money token issuers (checked Oct 19, 2026). Under MiCA, EU platforms restricted non-compliant stablecoins for EEA users in 2024–25. See the delisting tracker. ESMA register ↗

🇬🇧United Kingdom (FCA)
Firm rules from Oct 25, 2027

The UK's new FCA cryptoasset regime starts on Oct 25, 2027. Firms can apply from Sept 30, 2026 until Feb 28, 2027. There's no token-by-token classification list; the rules apply to the firms that offer the token. FCA ↗

GHO questions

Is GHO (GHO) a security?

Unclear. A dollar-pegged token that third-party analysis says likely falls outside the GENIUS Act 'payment stablecoin' definition. The SEC says such stablecoins may or may not be securities depending on facts. No court or regulator has classified it, so we don't guess. Not legal advice.

Can I buy GHO on US exchanges?

US access: Not on Coinbase US list. Availability can differ by state and by exchange. See our exchange safety checker.

What would the CLARITY Act change for GHO?

There's no official US classification yet, so treatment could go either way. Watch for SEC or CFTC statements and exchange listing changes. Pro alerts flag these for you.

How reliable is this GHO status?

Confidence is Low-Medium. It comes from fixed rules applied to 4 cited sources (checked Oct 19, 2026), not from opinion. Statuses can change as courts, regulators and Congress act.

Change log

3 entries
  1. Status review
    Evidence-based review: status set to 'Unclear' (Low-Medium confidence) using ClarityCheck rules. Replaces earlier illustrative demo data.
  2. GHO is not among the SEC's named examples of digital commodities in the March 2026 interpretation. Source ↗
  3. SEC interpretation: stablecoins other than permitted payment stablecoins may be securities depending on facts and circumstances. Source ↗

Snapshot Oct 19, 2026 · Prices by CoinGecko