[SEC Issues No-Action Letter Regarding Canton Coin Minting] According to DeepFlow TechFlow on November 4th, the U.S. Securities and Exchange Commission (SEC) Corporate Finance Division issued a no-action letter regarding the programmatic minting of Canton Coin. The letter states that even if super validators, validators, and application providers mint the token under the methods and conditions described in the application, and even if they are not registered under the relevant securities laws, the SEC will not recommend enforcement action to the Commission. Based on the applicant's statements, the division considers Canton Coin to be a digital commodity, specifically mentioning that its value derives from the programmatic operation of the network and supply and demand, and that the network lacks a central party as defined. This letter only expresses the SEC's enforcement position and does not constitute a legal conclusion; changes in facts or conditions may lead to different conclusions.