Is Arcane Heist legal in Standard, Modern, and Commander?

Arcane Heist is legal in: Legacy, Vintage, Commander.

Arcane Heist

Q: What type of card is Arcane Heist?

Arcane Heist is a Sorcery. Its oracle text reads: "You may cast target instant or sorcery card from an opponent's graveyard without paying its mana cost. If that spell would be put into their graveyard, exile it instead. Cipher (Then you may exile this spell card encoded on a creature you control. Whenever that creature deals combat damage to a player, its controller may cast a copy of the encoded card without paying its mana cost.)"

Sorcery

You may cast target instant or sorcery card from an opponent's graveyard without paying its mana cost. If that spell would be put into their graveyard, exile it instead.

Cipher (Then you may exile this spell card encoded on a creature you control. Whenever that creature deals combat damage to a player, its controller may cast a copy of the encoded card without paying its mana cost.)

Set Outlaws of Thunder Junction Commander

Rarity Rare

Mana Value 4

Artist Anna Pavleeva

Collector # 13

Scryfall Gatherer