The U.S. Securities and Exchange Commission (SEC) is reportedly considering classifying XRP as a commodity rather than a security.
This discussion is said to have emerged amid ongoing settlement negotiations between the agency and Ripple Labs, potentially signaling a shift in its regulatory stance.
SEC Weighs XRP’s Commodity Status
According to insiders cited by senior Fox Business correspondent Charles Gasparino, the SEC is re-evaluating XRP’s utility and market behavior to determine if it aligns more with commodities like ETH.
“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,” the reporter wrote.
“I am told the Ethereum example is key,” he added, revealing that the regulator is comparing XRP’s trajectory with ETH. The latter was issued through an initial coin offering (ICO), but its transition into a commodity spared it from SEC action. The agency is now seeking t
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