The SEC’s letter was carefully worded
but the market got the message
Canton submitted its request letter on October 30
Four days later
the SEC’s Division of Corporation Finance replied
saying it viewed Canton Coin as a “digital commodity”
and would not recommend enforcement action over its programmatic minting
This is not a court ruling
nor does it settle the rules across the board
It is only the staff’s position
and it is tied to the facts as Canton itself presented them
But on the regulatory calendar
it has been marked as the “first” in two respects
the first relief-sounding response since the March interpretive notice
and also the first since the August proposal on crypto asset regulations
Once the commodity narrative is explicitly named
the minting mechanism and financing language will both be reshaped
Retail investors shouldn’t rush to read this as a green light for the entire market
But at the institutional negotiating table
there’s now a document that can be cited
$BTC $BNB
#Canton #SEC #数字商品 #regulation
but the market got the message
Canton submitted its request letter on October 30
Four days later
the SEC’s Division of Corporation Finance replied
saying it viewed Canton Coin as a “digital commodity”
and would not recommend enforcement action over its programmatic minting
This is not a court ruling
nor does it settle the rules across the board
It is only the staff’s position
and it is tied to the facts as Canton itself presented them
But on the regulatory calendar
it has been marked as the “first” in two respects
the first relief-sounding response since the March interpretive notice
and also the first since the August proposal on crypto asset regulations
Once the commodity narrative is explicitly named
the minting mechanism and financing language will both be reshaped
Retail investors shouldn’t rush to read this as a green light for the entire market
But at the institutional negotiating table
there’s now a document that can be cited
$BTC $BNB
#Canton #SEC #数字商品 #regulation
