⚖️ SEC CLARIFIES CANTON COIN’S STATUS: AN IMPORTANT CAVEAT
On November 3, staff from the SEC’s Division of Corporation Finance called Canton Coin (CC) a “digital commodity” and said they would not recommend enforcement action over the issuance of tokens by validators and application providers under the described arrangement, without securities registration.
This is not a final decision by the full SEC, nor a blanket approval for all transactions involving CC: the position is based on the facts presented by Canton and could change under different circumstances. Source: the SEC’s official letter dated November 3.
#Canton #SEC
On November 3, staff from the SEC’s Division of Corporation Finance called Canton Coin (CC) a “digital commodity” and said they would not recommend enforcement action over the issuance of tokens by validators and application providers under the described arrangement, without securities registration.
This is not a final decision by the full SEC, nor a blanket approval for all transactions involving CC: the position is based on the facts presented by Canton and could change under different circumstances. Source: the SEC’s official letter dated November 3.
#Canton #SEC