On the 3rd, the Chief Counsel's Office of the U.S. Securities and Exchange Commission (SEC)'s Division of Corporation Finance indicated that Canton Coin (CC), the cryptocurrency of the Canton Network, is regarded as a digital commodity and does not qualify as a security.
It was noted that this recognition is based on the explanation provided by the Canton Network, and the conclusion may change if the facts or conditions differ. Additionally, this reflects the Division of Corporation Finance's perspective on enforcement actions and is not a legal conclusion...