The United States proves to be one of the most complex regulatory environments with respect to tokens and digital assets. Comments and policies by regulators tend to change rapidly and without warning.

Based on this, a prudent approach is to assess if a token readily available on the market, being offered from firms which are well managed, regulated and have clear policies on token availability. In adhering to this approach, there will be no meaningful additional access to the US market of these tokens or assets.

1. Statement on Digital Assets and Trading

• Based on this assessment, additional care is to be taken being taken with respect to utility tokens, as they may be classified as securities

2. Remarks by William Hinman

putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions

• Based on these statements, a token that has completed a fundraise is not necessarily a security; ethereum completed a fundraise, but is not at this time a security.

In 2006 the United States congress passed what is now known as UIGEA, which imposes severe restrictions on online gaming and gambling. Tokens that are designed specifically to assist in or facilitate online gambling may be considered to be:

(i) automated clearing house (ACH) systems, (ii) card systems, (iii) check collection systems, (iv) money transmitting businesses, and (v) wire transfer systems.

Last Updated July 17, 2019

Coinbase Listing Policy

The asset is not classified as a security using Coinbase's Securities Law Framework.

• New Digital Assets
• Supported Digital Currencies
• Coinbase does restrict certain assets from residents of New York State
• Coinbase has also removed all trading functionality of MKR and ZIL

Last Updated November 11, 2020

• Kraken Terms and conditions
• "Kraken does not offer securities services, is not registered under the securities laws of any jurisdiction and the provision of the Off-chain Staking Program has not been and will not be registered under the securities laws of any jurisdiction or otherwise approved by securities regulators in any jurisdiction."

• List of tokens available on Kraken

Last updated November 11, 2020

• Gemini Terms and Conditions

• List of tokens available on Gemini

Below is a list of tokens which are readily available to the US market from the companies listed above. This list available as a JSON and can be pulled in via script for automation.