Back to news
Regulation
SEC Staff Grants Canton Coin No-Action Relief With Specific Conditions
(2 hours ago) · 1 source · Summarized by CryptoBipto
The SEC staff has issued a no-action letter to Canton Coin, indicating it will not recommend enforcement action against the project under certain conditions. The specific conditions attached to the relief are considered significant for how the project can operate. This represents another instance of the SEC using no-action letters to provide guidance in the crypto space.
WHY IT MATTERS
When a company is unsure whether its product might break securities laws, it can ask the SEC for a "no-action letter."
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- newsbtc.com
RELATED
SEC RegulationNo-Action LettersCrypto ComplianceSecurities Law