Discussions are ongoing between the U.S. Securities and Exchange Commission (SEC) and Ripple regarding a potential settlement, focusing on whether XRP should be classified as a commodity rather than a security. Charles Gasparino, a journalist from Fox Business, recently shared insights on the matter, referencing information from fellow journalist Eleanor Terrett. According to Gasparino, a key issue under consideration by the SEC is “whether $XRP continues to trade and have a utility that makes it more a commodity and not a security.” He further noted that the case of Ethereum (ETH) is an important reference point in these discussions. Gasparino stated, “ETH was obviously issued as an ICO; its characteristics on issuance was no different than XRP—both used to finance the buildout of a platform, yet Ripple got sued and Ethereum didn’t because $ETH had since morphed into a commodity.” SCOOP: Off of @EleanorTerrett 's scoop from yesterday on the @Ripple – @SECGov settlement negotiations, one issue that is being weighed by the commission is whether $XRP continues to trade and have a utility that makes it more a commodity and not a security. I am told the… — Charles Gasparino (@CGasparino) March 13, 2025 XRP’s Classification Compared to Ethereum The comparison between XRP and Ethereum is significant, as the SEC has already classified Ethereum as a commodity despite its initial issuance as an Initial Coin Offering (ICO). Gasparino explained that “what is being discussed now is the comparison between the two cryptos,” highlighting the SEC’s attempt to determine whether XRP could receive the same treatment as Ethereum. He added, “The SEC believe Eth trades as pure commodity. They are trying to determine if the commission can make that case w $XRP.” This development follows years of legal proceedings between Ripple and the SEC . It began in December 2020 when the commission filed a lawsuit against Ripple, alleging that the company had conducted an unregistered securities offering by selling XRP. Since then, Ripple has argued that XRP should not be considered a security, emphasizing its decentralized nature and use in cross-border transactions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Community Reactions and Market Implications An X user, Bitcoin Maxi Tears, reacted to the news by stating , “The truth is finally coming to light! $XRP has always had real utility, and now the SEC is scrambling to justify the double standard. If $ETH is a commodity, then there’s no argument. $XRP should be, too!” The user also expressed confidence that regulatory clarity would ultimately favor XRP, saying, “Regulatory clarity is inevitable, and when it happens, $XRP will be unstoppable. Utility always wins!” The broader implications of these discussions could be substantial for XRP holders and the cryptocurrency market as a whole. If XRP were officially recognized as a commodity, it could bring greater regulatory clarity and potentially remove barriers to wider adoption. However, the SEC’s final decision remains uncertain, and market participants closely monitor developments. As negotiations between Ripple and the SEC progress, the question of XRP’s classification remains a pivotal issue. The outcome could not only shape the future of XRP but also set a precedent for how other cryptocurrencies are regulated in the United States. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post XRP Army Rejoices As Ripple Enters Negotiation Phase to End SEC Lawsuit appeared first on Times Tabloid .
