Crypto Commentator Says SEC Classified Canton as a Commodity

Crypto commentator @matthew_sigel said the SEC has classified Canton as a commodity and rejected the need for an action letter, a claim that could influence how U.S. regulators assess the network. Canton is the coin linked to Canton Network, a blockchain project focused on institutional use. The network operates without a central party, and Sigel tied that structure to the commodity classification. The claim concerns both Canton's regulatory status and the SEC's decision not to issue an action letter. The SEC oversees securities regulation in the United States. The claim could inform future regulatory approaches to decentralized cryptocurrencies.