The Commodity Futures Trading Commission published an Advanced Notice of Proposed Rulemaking seeking comment on a comprehensive framework for retail crypto asset transactions under section 2(c)(2)(D) of the Commodity Exchange Act, while a related draft framework lists XRP alongside Bitcoin, Ethereum, Solana, Stellar and Tezos as a digital commodity. The proposals would address leveraged retail trading, spot markets, derivatives, abusive practices, industry-specific compliance guidance and a potential crypto asset market subcategory of designated contract market registration. The CFTC and Securities and Exchange Commission’s classification does not determine whether every XRP sale is outside securities law; the draft rules must be published, opened to public comment and finalized before taking effect.