Canton Coin Rises 4% as SEC Staff View It as a Digital Commodity

Canton Network’s native token, Canton Coin (CC), rose 4% on Wednesday after staff at the U.S. Securities and Exchange Commission (SEC) said they view it as a “digital commodity.” According to Cointelegraph, CC traded at $0.098 at 10:27 am UTC, while remaining down roughly 4.2% over the past week, according to CoinMarketCap. The SEC Division of Corporation Finance issued a no-action letter stating that staff accepted Canton’s explanation that the token’s value is tied to the network’s operation and demand for CC, rather than a central team’s efforts to generate profits for holders. Staff also said they would not recommend enforcement action over the token’s issuance without securities registration, provided it is created under the conditions described by Canton. In a Friday letter to the SEC, Canton developer Digital Asset said network participants earn CC by operating infrastructure and applications, while the protocol determines how many tokens they can mint based on their activity. Canton Network is a privacy-focused platform that allows banks and financial institutions to tokenize assets and trade and settle transactions across platforms. The SEC issued guidance in March distinguishing digital commodities, including Bitcoin and Ether, from securities, while noting that their offers and sales may still be subject to securities laws. The response is the staff’s position, not a binding ruling on CC’s legal status. Staff previously issued token-related no-action letters to DoubleZero (2Z) in September 2025 and Solana-native decentralized physical infrastructure network project Fuse in November 2025.