SEC considers classifying XRP as commodity in settlement talks with Ripple
According to a 2023 ruling, XRP itself is not inherently a security, particularly when sold on secondary markets.

Key Takeaways
- The SEC is considering classifying XRP as a commodity during settlement talks with Ripple.
- Ethereum’s regulatory treatment is a key comparison point in the legal battle concerning XRP.
The SEC is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs, FOX Business senior correspondent Charles Gasparino reported today.
SCOOP: Off of @EleanorTerrett‘s scoop from yesterday on the @Ripple – @SECGov settlement negotiations, 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. I am told the…
— Charles Gasparino (@CGasparino) March 13, 2025