The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have made a historic joint decision, classifying XRP as a commodity under federal law.
This move brings an end to years of regulatory uncertainty surrounding the asset, which has been at the center of a high-profile debate over its classification. The ruling restructures compliance for exchanges, custodians, and institutions, allowing them to deploy capital in XRP with greater ease.
The CFTC Chairman Michael S. Selig stated that this decision will provide clarity for American builders, innovators, and entrepreneurs who have been awaiting guidance on the status of crypto assets under federal law.