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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 Solana (SOL) a security?

#7 by market cap · Last updated Oct 19, 2026 (evidence re-checked)
$104.50 ▲ 3.84%Mkt cap $61.6B

At a glance

Likely digital commodity
  • Confidence
  • US exchange accessCoinbase (US incl. NY)
  • Regulator (if enacted)CFTC
  • Evidence6 sources · 3 official

Is Solana a security or a commodity?

Likely a digital commodity, not a security. Named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance).

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What this means for you

Nothing changes legally today. If the CLARITY Act becomes law, this token would most likely trade on CFTC-registered exchanges and brokers. It's already widely available on major US platforms. Keep records of your purchases for tax time.

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

Enforcement 2ETF 1Exchange listing 1Regulator 1Futures 13 official3 third-party

Why this status

  • R2: named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance).
  • Corroborating signals: CFTC-regulated futures exist, US-listed spot ETF trading.
  • Adverse history: a prior SEC securities allegation or court finding about certain sales (see evidence). Confidence capped at Medium-High.

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

Evidence (6 sources)

3 official
  1. ETFThird-partyOct 19, 2026 · CryptoETF.today

    US-listed SOL exchange-traded products trading as of Oct 19, 2026 (per tracker): Bitwise BSOL, Fidelity FSOL, VanEck VSOL, Grayscale GSOL and others.

    CryptoETF.today filings tracker (third-party; compiled from SEC EDGAR and the Federal Register) ↗
  2. Exchange listingThird-partyOct 19, 2026 · Coinbase

    SOL appears on Coinbase's 'US (incl. NY) Trading Assets' list.

    Coinbase Digital Asset Disclosures: 'US (incl. NY) Trading Assets' list ↗
  3. RegulatorOfficial sourceMar 23, 2026 · Federal Register (SEC & CFTC)

    The SEC's March 2026 interpretation lists Solana (SOL) as an example of a 'digital commodity' (not itself a security), based on its characteristics as of that date. Interpretations can be revised; the CLARITY Act is not law.

    SEC interpretation (with CFTC guidance): Application of the Federal Securities Laws to Certain Types of Crypto Assets, Release 33-11412 ↗
  4. FuturesThird-partyDec 15, 2025 · CME Group

    CME lists SOL futures, including Spot-Quoted SOL futures (Dec 15, 2025).

    CME Group launches Spot-Quoted XRP and SOL futures (complementing existing Bitcoin and Ether futures) ↗
  5. EnforcementOfficial sourceFeb 27, 2025 · SEC

    The SEC dismissed the Coinbase case in Feb 2025, explicitly not based on any assessment of the merits.

    SEC announces dismissal of civil enforcement action against Coinbase (with prejudice; not a merits assessment) ↗
  6. EnforcementOfficial sourceJun 6, 2023 · SEC

    In 2023 the SEC alleged SOL was a crypto asset security (SEC v. Coinbase complaint).

    SEC press release 2023-102: SEC charges Coinbase (complaint identified 13 tokens, incl. SOL, ADA and NEAR, as alleged crypto asset securities) ↗

Rules by country

🇺🇸United States
Commodity

Likely digital commodity (ClarityCheck estimate, medium-high 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 SOL. 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 ↗

SOL questions

Is Solana (SOL) a security?

Probably not, on current evidence. ClarityCheck rates Solana as a likely digital commodity (medium-high confidence): Named as a digital commodity in the SEC's March 2026 interpretation (with CFTC guidance). This is not legal advice, and the CLARITY Act is not law.

Can I buy SOL on US exchanges?

US access: Coinbase (US incl. NY). Availability can differ by state and by exchange. See our exchange safety checker.

What would the CLARITY Act change for SOL?

Nothing changes legally today. If the CLARITY Act becomes law, this token would most likely trade on CFTC-registered exchanges and brokers. It's already widely available on major US platforms. Keep records of your purchases for tax time.

How reliable is this SOL status?

Confidence is Medium-High. It comes from fixed rules applied to 6 cited sources (checked Oct 19, 2026), not from opinion. Statuses can change as courts, regulators and Congress act.

Change log

5 entries
  1. Status review
    Evidence-based review: status set to 'Likely digital commodity' (Medium-High confidence) using ClarityCheck rules. Replaces earlier illustrative demo data.
  2. The SEC's March 2026 interpretation lists Solana (SOL) as an example of a 'digital commodity' (not itself a security), based on its characteristics as of that date. Interpretations can be revised; the CLARITY Act is not law. Source ↗
  3. CME lists SOL futures, including Spot-Quoted SOL futures (Dec 15, 2025). Source ↗
  4. The SEC dismissed the Coinbase case in Feb 2025, explicitly not based on any assessment of the merits. Source ↗
  5. In 2023 the SEC alleged SOL was a crypto asset security (SEC v. Coinbase complaint). Source ↗

Snapshot Oct 19, 2026 · Prices by CoinGecko