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SEC grants Canton Coin no-action relief, viewing it as a digital commodity due to network utility and no central control.

Market News
04 Nov 2026, 07:09 WIB
Tokenpost
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Bullish
SEC grants Canton Coin no-action relief, viewing it as a digital commodity due to network utility and no central control.

The SEC staff has granted no-action relief to Canton Coin for its token minting, marking a significant regulatory stance in the U.S. This decision is based on the token's utility within its network and the absence of a controlling central party, leading the SEC to classify Canton Coin as a digital commodity. This sets a precedent for crypto firms by highlighting how network use and control structure influence regulatory views on digital assets. The ruling specifically addresses the minting of Canton Coin, providing clarity on how similar tokens might be treated under U.S. regulations.

The SEC's no-action relief for Canton Coin's token minting offers context for crypto market watchers. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 04, 2026 11:21 WIB: out of 50 priced major cryptocurrencies, 24 rose and 25 fell today. Notable movers include AVAX at Rp153.697 with a 1-day change of +1.78% and a Pluang order activity split of 38% Sell / 62% Buy, AAVE at Rp2.303.459 with +1.71% change and 54% Sell / 46% Buy order activity, and ALGO at Rp1.678 with +1.70% change and 66% Sell / 34% Buy order activity.

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