#StablecoinSurge FOX Business senior correspondent Charles Gasparino recently reported that the SEC is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. Gasparino said that the securities regulator is using Ethereum as a benchmark to build a case for classifying XRP as a commodity or maintaining its current classification.

Ethereum, while originally traded through an Initial Coin Offering (ICO), is now considered by the SEC to be a pure commodity that is traded. According to the reporter, Ethereum’s regulatory treatment has emerged as a key point of comparison, since both XRP and ETH were initially used to fund the development of blockchain networks.