The CFTC Lists XRP and Stellar as Digital Commodities Alongside Bitcoin and Ethereum. Is XRP Officially Not a Security?
4 Articles
4 Articles
The CFTC Lists XRP and Stellar as Digital Commodities Alongside Bitcoin and Ethereum. Is XRP Officially Not a Security?
The CFTC just named XRP a digital commodity alongside Bitcoin and Ethereum, but that label carries a catch that every XRP holder needs to understand before assuming the security debate is finally settled.
Mike Selig, Chairman of the US Commodity Futures Commission (CFTC), cited Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP as examples of "digital commodities." The statement comes as the CFTC is preparing its first official rules for the cryptocurrency market. According to Wu Blockchain, Selig stated that the CFTC is working with the US Securities and Exchange Commission (SEC) on [...] Source: Bitcoinsistemi.com
CFTC Chair Selig Lists XRP, SOL Among 6 Digital Commodities
Commodity Futures Trading Commission Chairman Michael Selig has cited Bitcoin, Ether, Solana, Stellar, Tezos and XRP as examples of digital commodities, providing unusually explicit guidance on how the agency views several of the largest blockchain assets. Selig named BTC, ETH, SOL, XLM, XTZ and XRP while discussing the CFTC's role in digital-asset markets and the need for a clearer federal framework governing spot crypto trading. The statement …
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