SEC Classifies XRP as Digital Commodity, Opening Door for Institutional Investment and New ETF Approvals

The SEC has classified XRP as a digital commodity, alongside Bitcoin and Ethereum, confirming it is not a security under federal law. This removes regulatory barriers that led to XRP delistings in 2020 and opens the door for institutional investors, new ETF approvals, and Ripple's IPO. XRP spiked to $1.60 on the news, but the Fed decision pushed it back to $1.46. The next catalyst for the XRP price is the SEC's final XRP ETF deadline on March 27.