The prolonged legal battle between the SEC and Ripple Labs, initiated in December 2020 over the alleged $1.3 billion unregistered XRP XRP/USD sale, may soon conclude, according to a Fox Business report.
A key point of contention in the negotiations is whether’s XRP’s utility and trading status align more closely with a commodity, similar to Ethereum ETH/USD, rather than a security.
This comparison has emerged as a critical factor in determining the case’s outcome, as the SEC reevaluates its stance under new leadership.
Fox Business senior correspondent Charles Gasparino noted on X that Ethereum’s treatment as a commodity is central to the discussions. “I am told the @ethereum example is key,” Gasparino wrote, explaining that both XRP and ETH were issued via ICOs to fund platform development, yet only Ripple faced legal action while Ethereum evolved into a commodity.
The SEC is now assessing whether XRP can be…
