The SEC staff classified Canton Coin as a digital commodity, citing Canton Network's lack of a central controlling party to drive value and automated network operation and supply-and-demand dynamics rather than third-party managerial profit expectations

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