Crypto token status: top 100 under the CLARITY Act
Is it a commodity, a stablecoin or a security? Evidence-based status for the top 100 tokens by market cap (CoinGecko, Oct 19, 2026).
At a glance
Status across the top 10073 unclear · 16 likely digital commodities · 6 payment stablecoins · 5 security-type risk.
396 cited sources. Statuses come from fixed rules, never set by hand.
Confidence across the top 100
How strong the official evidence is for each status.
16
Commodity
6
Stablecoin
73
Unclear
5
Security risk
Snapshot Oct 19, 2026 · Prices by CoinGecko
How we decide a token's status
Statuses are derived by fixed rules from the evidence on each token page, never set by hand. "Likely" means our best reading of public records, not legal advice.
- 1Is it a USD payment stablecoin from a centralized issuer whose structure fits the GENIUS Act "payment stablecoin" model?Rule R1 · Confidence capped below High until the GENIUS Act takes effect.YesPayment stablecoinNo
- 2Is the token named as a "digital commodity" in the SEC's March 2026 interpretation?Rule R2 · Confidence then depends on corroborating signals (R3): CFTC filings, CFTC-regulated futures, a US spot ETF.YesLikely digital commodityNo
- 3Has a court or regulator held that the token itself is a security, or do the issuer's own legal documents treat it as a fund share or security?Rule R4 · Used only with a strong official basis.YesLikely security-type riskNo
- None of the aboveRule R5 · includes tokens with only market signals (ETFs, listings) but no official classificationUnclear
The rules in full
- R1 · Payment stablecoin: a USD stablecoin from a centralized issuer whose structure fits the GENIUS Act 'payment stablecoin' model → 'Payment stablecoin'. Confidence is capped at Medium-High until the Act takes effect (expected Jan 18, 2027), because no issuer is yet a 'permitted' issuer. Foreign issuers are capped at Medium.
- R2 · Likely digital commodity: the token is named as a 'digital commodity' in the SEC's March 2026 interpretation → 'Likely digital commodity'.
- R3 · Confidence for R2: High needs at least 2 corroborating signals (CFTC calling it a commodity in an enforcement filing; CFTC-regulated futures; a US-listed spot ETF trading) and no adverse court finding or prior SEC securities allegation. Otherwise Medium-High.
- R4 · Likely security-type: used only with strong official basis. Either a court or regulator has held that the token itself is a security, or the issuer's own legal documents say the token is a fund share or note offered under securities laws (tokenized funds). No network token in the top 100 meets the court/regulator bar. XRP's 2023 ruling applied to certain Ripple sales, not to the token, and the SEC now names XRP a digital commodity.
- R5 · Unclear: everything else, including tokens with only market signals (ETFs, listings) but no official classification; stablecoins outside the payment-stablecoin model; exchange tokens; and tokenized real-world assets.