Regulation1 source
Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’
Headline from Cointelegraph
Key points
- Canton's CC token rose by 4% following a no-action letter issued by the United States Securities and Exchange Commission staff.
- The letter specifically addresses CC earned through operating blockchain infrastructure and running applications on the network.
- However, the regulatory response represents an informal staff perspective rather than a binding legal ruling regarding the token's ultimate status.
Summarized automatically by Kryptokite from reporting by Cointelegraph. Read the original sources for full detail.
Sources
- CointelegraphCanton’s CC rises 4% as SEC staff view it as ‘digital commodity’ · 1 hour agoRead on Cointelegraph
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