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Bitcoin Got Its Biggest Regulatory Win In A Decade—And Dropped To $70,000 Anyway

The SEC and CFTC’s joint framework classifies XRP as a digital commodity, clearing legal uncertainty and potentially enabling more institutional investment and spot ETF approvals.

  • On March 17, the SEC and CFTC released a joint 68-page framework classifying XRP as a digital commodity, confirming it is not a security after five years of dispute.
  • Because XRP's value comes from the ledger's network function, it qualifies under the SEC definition of 'digital commodity' within the five categories of the framework.
  • On March 17, the XRP price spiked to $1.60 then fell 5.3% to $1.46, while the SEC appeal filed on March 11 remains active and exchanges relisted XRP after the July 2023 ruling.
  • The commodity classification lets institutional holders trade XRP under commodity rules, while spot XRP ETFs have $1.44 billion inflows but last week saw $28 million outflows versus $767 million into Bitcoin ETFs.
  • The immediate date to watch is March 27, 2026, when the SEC's final XRP ETF deadline arrives amid macro headwinds from oil above $95 and The Fed's cautious outlook.
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The U.S. Stock Exchange and Securities Commission (SEC), together with the Committee on Trade in Commodities Futures (CFTC), have launched a joint guide that clarifies what types of...

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Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide… broke the news in on Wednesday, March 18, 2026.
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