No central control, no securities action? SEC gives Canton Coin relief

In a newly released staff position, the Securities and Exchange Commission’s Division of Corporation Finance clarified that Canton Coin will enter circulation under a digital commodity classification. The agency will hold off on enforcement action related to programmatic issuance as long as certain conditions are fulfilled. The developers behind the Canton protocol, Digital Asset Holdings, requested this relief in a letter dated October 30. They based their argument on the SEC’s March 2026 crypto rules, so this new response provides a perfect case study of how those rules work in practice. The SEC division says Canton’s value is in its programmatic operations Digital Asset had sought an interpretation of whether Canton Coin falls within the category of digital commodities and whether minting such coins without registration under Section 5 of…

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