SEC staff granted no-action relief for the minting of Canton Coin tokens
The staff of the U.S. Securities and Exchange Commission (SEC) has granted no-action relief regarding the token issuance of Canton Coin.
The relevant division of the SEC believes that Canton Coin should be regarded as a digital commodity, primarily based on the fact that the token has network utility and there is no centralized entity exercising control over the network.
Interpretation
Risk warning Risk warning
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