The U.S. Securities and Exchange Commission (SEC) has signaled a meaningful shift in its posture toward XRP, indicating the token should be treated as a ‘digital commodity’ rather than a security—while stressing that how Ripple markets and distributes XRP could still trigger securities-law scrutiny. According to the update, the SEC’s framing separates the asset from the conduct around it: XRP itself is not being characterized as a security, but promotional messaging and sales practices remain a potential enforcement focus.
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