SEC-CFTC Guidance Clarifies XRP Classification as Digital Commodity

The US regulatory landscape has taken another step forward with the joint SEC-CFTC interpretation. This new framework centers on how cryptocurrency assets operate and derive their value, rather than relying on enforcement actions. The guidance emphasizes that digital commodities are characterized by their functioning and market supply-demand forces, without providing financial rights or managerial efforts.

Within this framework, XRP has been directly listed among digital commodities alongside other major cryptocurrencies like Bitcoin, Ether, and Solana. This classification indicates that regulators associate XRP's pricing behavior with network usage and open-market dynamics rather than contractual rights tied to a central issuer.