XRP Classified as Digital Commodity in Joint SEC-CFTC Guidance

The latest regulatory development in the cryptocurrency space has seen the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issue joint guidance on the classification of XRP.

According to the document, XRP is now considered a digital commodity, aligning it with major crypto assets like Bitcoin and Ether.

The classification shift marks a significant move away from enforcement-led actions and towards function-based oversight, which could reshape how investors evaluate risk, value drivers, and long-term market positioning.

Under the new framework, XRP is treated as a non-security asset when it functions as a digital commodity and is not tied to an investment contract, meaning its value stems from network functionality and market forces rather than centralized control.