The crypto market is buzzing over a surprise move by the SEC: The Commission has officially recognized applications for an ETF based on XRP! This has led many to conclude that XRP is now considered a commodity, like Bitcoin and Ethereum. However, the SEC has yet to make a direct statement on the matter, leaving room for speculation.
🚨 SEC and the status of XRP: what's happening?
On February 12, 2025, the SEC accepted spot XRP-ETF applications from Grayscale and 21Shares. This move sparked a real wave of discussions among analysts and traders. Journalist Eleanor Terrett stated:
"The SEC acknowledged that issuers are applying, classifying XRP as a commodity within a financial instrument."
But there is still no final clarity – the regulator may still change its position.
⚖️ Court against Ripple: the end or a new round of struggle?
Recall that Ripple has been in a legal battle with the SEC for several years over the status of XRP. In one of the key rulings, a U.S. court determined that XRP is not a security when traded on the secondary market. However, the company's initial institutional sales were deemed unregistered securities.
Currently, the SEC has suspended further litigation to reconsider its approach to cryptocurrency regulation. Is a new appeal possible? Lawyers believe that if different courts reach opposing decisions, the issue may reach the U.S. Supreme Court.
📊 XRP is soaring! The price is breaking upwards
After the news of the SEC's recognition of ETF applications, XRP trading volume surged by 30% in just one hour! 📈
🔹 The number of active addresses increased by 29%
🔹 XRP reached $2.84 (up 22%)
🔹 On breaking $3.40, a surge to $15-$17 is possible
And if the SEC ultimately recognizes XRP as a commodity, analysts predict $110+! 💎🚀
🤯 What's next?
The approval of the XRP-ETF could also impact other cryptocurrencies, such as Solana (SOL) and Dogecoin (DOGE), which are also under SEC review. This could change the entire crypto industry!
📌 Will XRP be officially recognized as a commodity? Subscribe to not miss fresh insights!
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