One no-action letter: Around 11/03, the SEC classified Canton Coin as a digital commodity
Staff said its value comes from the network’s programmatic operation and supply and demand; the network has no “central party.”
For the described programmatic minting (Super Validators / Validators / Application Providers),
staff does not recommend enforcement action under Section 5 of the Securities Act or Section 12(g) of the Exchange Act.
This is an enforcement position, not a legal conclusion.
If the facts change, the position may differ.
$CC #监管落地 #SEC无异议函 #CantonNetwork
Staff said its value comes from the network’s programmatic operation and supply and demand; the network has no “central party.”
For the described programmatic minting (Super Validators / Validators / Application Providers),
staff does not recommend enforcement action under Section 5 of the Securities Act or Section 12(g) of the Exchange Act.
This is an enforcement position, not a legal conclusion.
If the facts change, the position may differ.
$CC #监管落地 #SEC无异议函 #CantonNetwork
