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Bitcoin Share
Coin Edition 2025-02-17 12:30:00

Did the SEC Just Acknowledge XRP as a Commodity? Here’s What Experts Are Saying

Did the SEC Just Acknowledge XRP as a Commodity? Here’s What Experts Are Saying

The SEC has acknowledged XRP as a commodity asset within ETF applications. Similar recognition has been given to Bitcoin, Ethereum, and other cryptocurrencies. The agency has yet to take a definitive position, with ongoing regulatory discussions. The U.S. Securities and Exchange Commission (SEC) has acknowledged applications for financial products that classify XRP as a commodity asset within a securities wrapper. This has led to excitement in the XRP community. Some suggest the agency now recognizes XRP as a commodity as opposed to its earlier classification as a security. Meanwhile, FOX Business journalist Eleanor Terrett clarified the SEC’s position following online speculation about an official classification. Terrett posted on X that the SEC has acknowledged applications for a product that treats XRP like a commodity asset when wrapped in securities, just like BTC and ETH. She made it clear that just because the SEC has accepted similar applications for Bitcoin and Ethereum ETFs, it doesn’t automatically mean a formal regulatory stance has been decided. What This Means for XRP and Crypto ETFs This acknowledgment happens as the SEC is stil… The post Did the SEC Just Acknowledge XRP as a Commodity? Here’s What Experts Are Saying appeared first on Coin Edition .

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