The SEC's Division of Corporation Finance said in a letter that Canton Network's native Canton Coin is a digital commodity and that it would not recommend enforcement over its programme-based minting. Canton, which filed its request on 30 Oct, says the relief is the first of its kind since the SEC's March statement and its August crypto asset rules proposal.
The story so far: SEC no-action relief for Canton Coin
SEC staff granted no-action relief for Canton Coin minting, treating it as a digital commodity. Canton says the relief is the first of its kind since the SEC's March statement and its August crypto asset rules proposal.
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Canton says SEC relief is first of its kind since March statement
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