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SEC and CFTC classify XRP as a digital commodity, ending 7 years of legal uncertainty.

Market News
17 Jul 2026
Crypto news
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Bullish
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On March 17, 2026, the SEC and CFTC jointly issued a 68-page interpretive release officially classifying XRP as a digital commodity, not a security, resolving seven years of regulatory ambiguity. This classification is binding on both agencies but remains administrative, meaning future commissions could reinterpret it without Congress. The release strengthens XRP's legal status beyond staff guidance but falls short of a formal rule or statute, which are more permanent. The SEC's pending Regulation Crypto rulemaking and the CLARITY Act could further solidify XRP's status. Despite this clarity, XRP's price remains lower than a year ago, reflecting broader market factors beyond regulatory risk.

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