SEC Deputy Chief Counsel Jonathan Ingram noted the Canton Coin no-action letter represents a staff enforcement position based on specific facts, not a binding legal conclusion or legal ruling on Canton Coin's security status

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Lawsuits, settlements and criminal cases brought by regulators and prosecutors against crypto firms and individuals.

Ongoing legal fight over which digital assets count as securities under investor-protection law and which are commodities, determining whether the SEC or CFTC oversees them.