Skip to content
Heads up: The CLARITY Act is not law. Statuses are rules-based estimates from public evidence, not legal or financial advice.
← All tokens

Is Rain a security?

#20 by market cap · Last updated Oct 19, 2026 (evidence re-checked)
$0.008807 ▼ 2.05%Mkt cap $6.3B

At a glance

Unclear
  • Confidence
  • US exchange accessNot on Coinbase US list
  • Regulator (if enacted)SEC or CFTC (undecided)
  • Evidence3 sources · 1 official

Is Rain (RAIN) a security?

Unclear. Not named in the SEC's digital-commodity examples, and no court ruling on the token itself was found.

Share this result Share on X </> Embed badge
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"? →

Background 1Exchange listing 1Regulator 11 official2 third-party

Why this status

  • R5: not named in the SEC's digital-commodity examples, and no court ruling on the token itself was found.

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

Evidence (3 sources)

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

    Described as a prediction-market infrastructure protocol on Arbitrum with governance and buy-and-burn token mechanics.

    CoinGecko: About Rain (RAIN) ↗
  2. Exchange listingThird-partyAbsent / not foundOct 19, 2026 · Coinbase

    RAIN does not appear on Coinbase's 'US (incl. NY) Trading Assets' list.

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

    No SEC or CFTC statement about RAIN was found. It is not among the named examples.

    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 confidence). The CLARITY Act is not law, so today the SEC's and CFTC's existing frameworks apply.

🇪🇺European Union (MiCA)
Token filing not checked

Under MiCA, trading in the EU runs through authorised crypto-asset service providers (CASPs). We haven't yet checked token-specific MiCA white paper filings for RAIN. 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 ↗

RAIN questions

Is Rain (RAIN) a security?

Unclear. Not named in the SEC's digital-commodity examples, and no court ruling on the token itself was found. No court or regulator has classified it, so we don't guess. Not legal advice.

Can I buy RAIN 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 RAIN?

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 RAIN status?

Confidence is Low. It comes from fixed rules applied to 3 cited sources (checked Oct 19, 2026), not from opinion. Statuses can change as courts, regulators and Congress act.

Change log

2 entries
  1. Status review
    Evidence-based review: status set to 'Unclear' (Low confidence) using ClarityCheck rules. Replaces earlier illustrative demo data.
  2. No SEC or CFTC statement about RAIN was found. It is not among the named examples. Source ↗

Snapshot Oct 19, 2026 · Prices by CoinGecko