XRP Classified as Commodity in CFTC Event Contracts Filing

In a significant regulatory move, XRP has been officially classified as a commodity by the U.S. Commodity Futures Trading Commission (CFTC) within its event contracts. This classification stems from a recent filing that outlines specific rules and specifications for trading XRP-based derivatives. The CFTC’s decision aligns XRP with Bitcoin and Ethereum, which have long been recognized as commodities in similar contexts. !