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.
Cointime update: Justin Sun is seeking sanctions against World Liberty Financial, alleging the Trump-linked firm concealed its UAE citizenship to escape federal court and plans to refile his $45 million lawsuit in California state court. Sun claims World Liberty hid its UAE ties in the ongoing legal dispute. The refiling moves the case from federal to state court in California.
Cointime update: The CFTC has approved exchanges in the United States to offer perpetual futures contracts tied to individual stocks, marking the first time such products can trade domestically. The decision opens a new derivatives category for US venues, extending the perpetual structure long used in crypto to single-name equities.