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SEC's Classification of Canton Coin as Digital Commodity Sparks 4-6% Price Surge

SEC's Classification of Canton Coin as Digital Commodity Sparks 4-6% Price Surge

Canton CC Token Jumps 4% After SEC Staff Flags It as a Digital Commodity
Canton CC Token Jumps 4% After SEC Staff Flags It as a Digital Commodity

Canton Network’s native token, Canton Coin (CC), jumped about 4% on Wednesday after the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a no-action letter...

Canton Coin Rises After SEC Classifies It as a Digital Commodity
Canton Coin Rises After SEC Classifies It as a Digital Commodity

Canton Coin (CC), the native token of the Canton Network, is drawing attention after staff at the U.S. Securities and Exchange Commission (SEC) classified it as a "digital commodity" in a newly...

Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’
Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’

SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.

No central control, no securities action? SEC gives Canton Coin relief
No central control, no securities action? SEC gives Canton Coin relief

In a newly released staff position, the Securities and Exchange Commission’s Division of Corporation Finance clarified that Canton Coin will enter circulation under a digital commodity...

SEC ruling lifts Canton Coin 6% as a16z sees pathway out of securities laws
SEC ruling lifts Canton Coin 6% as a16z sees pathway out of securities laws

The no-action position covers three types of network participant under counsel’s described model and gives no binding legal conclusion. Read the full story on CryptoSlateUnderstand the crypto...

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