Editor's PiCK
"US SEC reviewing XRP's commodity characteristics... Will it escape security classification?"
Summary
- It was reported that the SEC is reviewing whether to recognize XRP as a commodity.
- This decision will have a decisive impact on future settlements between Ripple and the SEC.
- The SEC is determining whether XRP is a security by referencing the Ethereum (ETH) case.
The U.S. Securities and Exchange Commission (SEC) is reportedly reviewing the basis for recognizing XRP as a commodity.
On the 14th, Fox Business reporter Charles Gasparino shared via X (formerly Twitter) that "The SEC is closely analyzing how XRP is currently traded and utilized, evaluating whether it can be recognized as a commodity," adding that "this decision will have a decisive impact on the future settlement between Ripple and the SEC."
Meanwhile, the SEC is reviewing the Ethereum (ETH) case as a key comparison point in determining whether XRP is a security. Gasparino said, "Ethereum has gradually taken on commodity characteristics over time, and the SEC currently considers ETH a 'pure commodity,'" adding that "the key question is whether they will accept the argument that XRP has followed the same path."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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