SEC Signals Canton Coin Is Not a Security, Citing Lack of Central Control
Photo: TheCoinrise
Regulator reportedly treats the token as a digital commodity and clears a limited issuance plan The SEC has reportedly stepped back from pursuing a securities case against Canton Coin, the native token of the Canton Network. Two outlets, Cryptopolitan and crypto.news, reported the development on November 4. Both described the agency's position as hinging on the absence of centralized control over the network. According to the reports, the SEC's reasoning centers on decentralization. If no single entity directs the network's operations or token issuance, the argument goes, the token falls outside the traditional securities framework.
Source: TheCoinrise
