The SEC's Division of Corporation Finance issued a no-action letter to Digital Asset stating it will not recommend enforcement action regarding the programmatic issuance of Canton Coin without securities registration

From the articleCanton Coin scores SEC relief in major win for crypto tokensAlso in SEC ruling lifts Canton Coin 6% as a16z sees pathway out of securities laws, SEC division views Canton Coin as digital commodity in no-action letter, SEC Staff Grants Canton Coin No-Action Relief for Token Minting, Canton CC Rises 4% After SEC Staff No-Action Letter