SEC Staff Views Canton Coin as Digital Commodity

• SEC staff will not recommend enforcement over Canton Coin's programmatic issuance.
• Canton Coin's CC is considered a digital commodity by SEC staff.
• The no-action letter does not constitute a binding ruling on Canton Coin's legal status.
• Canton Coin's CC price rose by 4% following the announcement.
• The SEC's Division of Corporation Finance issued the no-action letter.