Is 1 inch legal in the US?

Inquiring minds want to know: Is the digital asset "1 inch" considered legal for trading and usage within the boundaries of the United States? Given the ever-evolving nature of cryptocurrency regulations, it's crucial to understand if this particular token falls under the legal umbrella or if there are any restrictions imposed by the local authorities. Clarifying this aspect is paramount for both investors and traders to ensure compliance and avoid any potential legal ramifications.