SEC Division of Corporation Finance Calls Canton Coin a Digital Commodity in No-Action Letter

Cointime update: The SEC’s Division of Corporation Finance has issued a no-action letter stating it will not recommend enforcement action over Canton Coin’s programmatic issuance, classifying CC as a digital commodity. The position applies to the programmatic distribution of the token, which underpins the Canton Network. The letter gives the token’s issuers a measure of regulatory clarity on the asset’s status.