Canton Coin Is a ‘Digital Commodity,’ SEC Staff Say in Letter Covering Network Rewards
Headline from Unchained
Key points
- Securities and Exchange Commission staff from the Division of Corporation Finance issued a letter classifying Canton Coin as a digital commodity.
- The staff guidance addresses the network's reward tokens based on details provided by Digital Asset regarding Canton's operational structure.
- This position aligns with the regulatory framework outlined in the SEC's March token taxonomy.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Sources
- UnchainedCanton Coin Is a ‘Digital Commodity,’ SEC Staff Say in Letter Covering Network Rewards · 41 minutes agoRead on Unchained
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