SEC Recognizes Canton Coin as a Digital Commodity

The U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance has issued a no-action letter stating that Canton Network's native token, Canton Coin (CC), is classified as a "digital commodity." Under certain conditions, the division will not recommend enforcement action regarding the programmatic issuance of CC. The division noted that CC is closely related to the programmatic operation of the Canton Network, with its value derived from the network's operation and supply-demand dynamics, rather than profit expectations from the core management efforts of others; there is no centralized controlling party for the network. Canton Network subsequently cited the contents of the aforementioned no-action letter.

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