SEC Clarifies Bitcoin & Ethereum Status: XRP Clarity Remains Elusive

The SEC’s Acting Chair Mark Uyeda affirmed that Bitcoin and Ethereum are not securities, echoing previous statements from former chair Gary Gensler. This clarifies regulatory guidelines for these popular cryptocurrencies, but leaves ambiguity regarding XRP’s legal status. While Uyeda confirmed the classification of these assets as commodities, he declined to comment on XRP’s clarity, leaving the market in uncertainty.