SEC Staff Grants Canton Coin No-Action Relief for Token Minting
Photo: TokenPost
SEC staff have granted Canton Coin no-action relief for token minting, a notable U.S. regulatory development that reflects the division’s view of the asset as a digital commodity. The division’s rationale rests on two features: the token’s utility on its network and the absence of a controlling central party. Its view links Canton Coin’s commodity status to both the role it serves on the network and the structure of control around it. The relief concerns minting Canton Coin, with the stated rationale focused on this asset’s network and control structure.
Also reported by The Defiant.
Source: TokenPost
