Back

SEC Development Described by Ripple CLO Stuart Alderoty as Support for XRP Commodity View

A short post says the U.S. SEC (United States Securities and Exchange Commission, U.S. markets regulator) has categorized XRP as a digital commodity rather than a security.

XRP

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Digital commodity: A crypto asset category generally associated with value tied to a blockchain network rather than a claim on an issuer or company.
  • Security: A regulated financial instrument, such as a share or investment contract, that typically falls under securities laws and oversight.
  • XRP: A cryptocurrency associated with the XRP Ledger, a blockchain network used for digital asset transfers and related financial applications.