US Regulators Classify XRP, SOL as Commodities Amid Crypto Policy Shifts
The US crypto regulatory landscape has seen significant developments this week in Washington D.C. The SEC and CFTC jointly classified 16 digital assets, including XRP and SOL, as commodities. This move may influence market structure rules.
This classification comes amidst a broader governmental effort to provide a structured regulatory environment for cryptocurrencies.
The SEC has also proposed new regulations for crypto investment contracts, indicating an active regulatory phase.