Canton’s CC rises 4% as SEC staff view it as ‘digital commodity’

SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.

Canton Network’s native cryptocurrency rose 4% on Wednesday after the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a no-action letter stating it views the token as a “digital commodity.”

Canton Coin (CC) traded at $0.098 at 10:27 am UTC, but was still down roughly 4.2% over the past week, according to CoinMarketCap.

Canton Network is a privacy-focused network that enables banks and financial institutions to tokenize assets, trade and settle transactions across different platforms.

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