THE BLOCK · 2026-11-03 22:11 UTC

SEC division views Canton Coin as digital commodity in no-action letter

SEC's Division of Corporation Finance issued a no-action letter for Canton Coin, classifying it as a digital commodity rather than a security. The SEC staff will not recommend enforcement action against Canton Coin's programmatic issuance. a16z partner Miles Jennings views this as a potential signal for broader regulatory clarity on blockchain network tokens.

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