SEC says Canton Coin is a digital commodity, clears limited token issuance

Canton Coin (CC) has received no-action relief from the U.S. Securities and Exchange Commission's staff, which classified the token as a digital commodity under its latest regulatory framework. The SEC's Division of Corporation Finance has classified Canton Coin as a digital commodity in a November 3 no-action letter. SEC staff will not recommend enforcement action over Canton Coin's programmatic issuance without securities registration under specified conditions. The decision cites Canton Network's lack of a central controlling party and the token's connection to network operations. The letter follows November 2 SEC guidance explaining decentralized governance, network control, and digital commodity classification. Canton Network already supports institutional tokenization projects involving DTCC, while regulated investment products provide exposure to its native token.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.