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SEC staff view Canton Coin as a digital commodity and won't recommend enforcement

FROM THE WIRE · DECRYPT.CO

SEC staff said they view Canton Coin as a digital commodity and won't recommend enforcement over how it's minted, a week after DTCC launched a tokenization service that runs partly on the Canton Network.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA favorable regulatory stance may support interest in tokenization as the sector grows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SEC staff said they view Canton Coin as a digital commodity.
  2. 02They won't recommend enforcement over how it is minted.
  3. 03The decision comes a week after DTCC launched a tokenization service running partly on Canton Network.

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