01
The SEC did not rule that Canton Coin is not a security. Here's what actually happened on November 3, 2026.
02
SEC staff issued a no-action letter saying they view Canton Coin as a digital commodity, not a formal Commission ruling.
03
The letter only covers programmatic minting by Canton Network validators, under the specific facts Digital Asset described.
04
Canton's own press release said the SEC confirmed the token is a digital commodity and not a security. The letter itself does not say that.
05
A separate, more powerful move already happened in March 2026, when the SEC and CFTC jointly named Bitcoin, Ether and 14 other assets as digital commodities.
06
That March interpretation is formally binding on both agencies. This new letter is just one staff office's non-binding view.
07
Congress's CLARITY Act would make 'digital commodity' status a real law, but it stalled in the Senate after clearing committee in May 2026.
08
This is not financial or legal advice — token classification can still change, and other projects shouldn't assume the same relief applies to them.