SEC Staff Views Canton Coin as a Digital Commodity in No-Action Letter
Photo: TokenPost
Staff in the SEC’s Division of Corporation Finance views Canton Coin as a digital commodity and said it would not recommend enforcement over specified programmatic minting without registration, based on facts presented by Canton Network. The Nov. 3 response covers super validators, validators and application providers that mint Canton Coin under the network’s rules. It addresses registration under Section 5 of the Securities Act and Section 12(g) of the Securities Exchange Act. Canton disclosed the letter Nov. 4.
Source: TokenPost
