Due to restrictive regulatory conditions in the United States, New York residents* will no longer be eligible to hold synthetic assets on Abra after August 29, 2019. A synthetic asset on Abra is anything other than Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
If you are holding any assets other than BTC, ETH, LTC and BCH - you will need to exchange or withdraw them by 11:59 PM EST on August 29, 2019. After that date, any remaining balances in those assets will be converted to bitcoin in the app. Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) are not affected by these changes.
For more details, please read this blog post and FAQs for New York residents.