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Canton Network Token CC Rises 4% After SEC Staff Labels It Digital Commodity
(3 hours ago) · 1 source · Summarized by CryptoBipto
The Canton Network's CC token rose approximately 4% after SEC staff reportedly issued a no-action letter viewing it as a digital commodity rather than a security. This classification by SEC staff suggests the token may not be subject to securities regulations.
WHY IT MATTERS
In the United States, there is an ongoing debate about whether crypto tokens should be treated as securities (like stocks) or commodities (like gold or oil).
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SOURCES
- cointelegraph.com
RELATED
CCSEC RegulationDigital CommoditiesToken ClassificationNo-Action Letters