SEC views Canton Coin as digital commodity in no-action letter

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SEC views Canton Coin as digital commodity in no-action letter
The SEC's Division of Corporation Finance has classified Canton Coin as a digital commodity and will not recommend enforcement over its programmatic token issuance. The no-action relief applies to tokens earned through infrastructure and applications on the Canton Network.
Why it matters: This classification may influence how Canton Coin is treated legally and could impact similar tokenization efforts in the financial industry.
Sources: The Block · Crypto.news · Cointelegraph · Decrypt

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