The Securities and Exchange Commission (SEC) has issued a landmark ruling that could have far-reaching consequences for the cryptocurrency market.
In a move that is being hailed as 'huge news' by some, the SEC has labeled XRP as a commodity. This classification means that XRP will be subject to different regulations than other digital assets.
The implications of this decision on Ethereum (ETH) are still unclear, but it could potentially lead to changes in the way ETH is traded and regulated.