Key Takeaways
- Crypto airdrops, once considered oblique due to the lack of regulatory clarity in the US, are making a comeback.
- Although not illegal, the airdrop tokens attracted scrutiny from the SEC.
- The Trump administration’s crypto policy shift is paving the way for US residents to claim airdrops.
The change in U.S. crypto policy under Donald Trump could bring back crypto airdrops to the country.
The government once banned them because it deemed them security-related.
Crypto airdrops are not explicitly banned in the US but are subject to regulatory scrutiny, particularly by the SEC, which may classify them as securities.
US Crypto Airdrop Drought Nearing End
While not explicitly illegal, regulatory uncertainty and past constant warnings from the Securities and Exchange Commission make it a complex domain. Additionally, airdrops are taxable in the U.S., with recipients reporting the fair market value of received tokens as ordinary income.
You’ll Want To See This
However, the airdrop drought is nearing an end amid major crypto policy reversals, especially around the securities tag.
The latest airdrop of USD1 stablecoins by the Trump family-backed crypto project World Liberty Financial has only made it clearer that airdrops might no longer be prohibited fruit.
Crypto airdrops are among the most talked-about Web3 tactics for attracting consumers to a new project. CoinGecko estimates that airdrops dispersed $26.6 billion worth of tokens between 2020 and 2023.
Airdrops incentivize early backers, launch a token’s market presence, and pique curiosity among cryptocurrency aficionados.
If done correctly, they can aid in a project’s rapid traction. However, when things go wrong, the consequences can be catastrophic.
Top Upcoming Airdrops That US Customers Can Claim
As the crypto market enters the final leg of its 2024-25 bull run, more companies are planning new token launches and subsequent airdrops.
Here’s the list of upcoming airdrops that U.S. customers might be eligible for.
Sonic Labs – $S Token:
Sonic Labs is one of the first projects to include U.S. customers in a legally acceptable token airdrop. The firm is set to distribute about 200 million $S tokens, valued at around $80 to $200 million.
The airdrop is open to U.S. residents and uses NFT-based vesting to promote sustained engagement.
One of the specific goals may be engaging with the Sonic Labs ecosystem, such as using their platform or possessing associated assets.
Decentral – $DCT:
Decentral is a polygon-based project that allows investors to invest in tangible assets such as Spotify royalties, TikTok payouts, and YouTube revenues. The airdrop will give 1,500 winners about 50,000 tokens worth an estimated $50,000.
Although not explicitly stated, it is open to US citizens. Tasks could involve connecting with the Decentral platform, such as registering or using their ecosystem.
RSUI.io – $RUSI:
RSUI is a Sui blockchain staking platform offering 2,000 winners 500,000 tokens worth $500,000.
The airdrop is most likely accessible to US users. Participants might need to interact with the Sui blockchain or stake assets.
TONCASH – $TCASH:
The platform’s upcoming airdrop will reward active users with TCA$H Points, which will later convert into the TCA$H token.
The airdrop is also most likely open to US residents. To win, you must participate in community and ecosystem boosting activities.
Avalon Labs – $AVL:
Avalon Labs is a DeFi marketplace offering efficient and secure transactions. The airdrop ‘s offering is one of the largest available and is open to users who hold USDa stablecoin or actively participate on the Avalon Labs platform.
Being a DeFi protocol, the airdrop is likely open to U.S. users. Participation may involve lending, borrowing, or other DeFi activities on the platform.
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