SEC Approves Nasdaq Rule Change, Boosting Institutional Entry for XRP and Solana

The U.S. Securities and Exchange Commission (SEC) has approved a rule change by Nasdaq Texas, which will allow four cryptocurrencies to be treated as 'digital commodities' under exchange rules.

The SEC's order includes Solana (SOL), XRP, Bitcoin (BTC), and Ether (ETH) as examples of digital commodities that currently meet relevant eligibility requirements.

This move is seen as laying the groundwork for XRP and Solana to be treated alongside Bitcoin and Ether in the asset mix of cryptocurrency investment products.