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

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

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.