Canton Coin Is a ‘Digital Commodity,’ SEC Staff Say in Letter Covering Network Rewards

A Corporation Finance staff letter applies the SEC’s March token taxonomy to Canton’s reward token, resting on what Digital Asset told the agency about how the network works. Minting Canton Coin (CC) as network rewards without registering it under the securities laws won’t draw an SEC staff enforcement recommendation, as long as validators and app providers do it the way Digital Asset described. Staff wrote in the letter that the token fits the “digital commodity” category in the SEC’s March 2026 crypto interpretation. Deputy Chief Counsel Jonathan A.