Hi all, please forgive such a nub question but couldn't seem to find this in the forum and there's too many different answers on the 'net.

Picked up some altcoin, they got a cease and desist from the NASAA and looks like the biz could go under. Trying to figure out the best thing to do.

If I hold and the value goes to zero, can I write this off as a loss based on the value at time of purchase? Should I try to just dump it all and pray someone buys?

Thank you
-G