Speculation that SEC currently recognizes XRP as a product: Here’s what experts say

The Fox Business Journalist makes clear about recent speculation that XRP considers XRP a product with approvals for multiple XRP ETF filings.

Over the weekend, excitement swept the XRP community after the SEC recognized another XRP ETF filing.

Specifically, the securities regulator has granted the application for CBOE BZX Exchange to list and trade stocks in the 21 share XRP ETF. This recognition is the day after regulators granted Grayscale’s XRP ETF application.

In particular, the SEC is to demonstrate that XRP is not security under federal securities laws, and to the SECv. Comments from 21 shares referring to the legal precedents of the Ripple lawsuit were quoted. 21 shares argued that XRP is considered a product under the Product Exchange Act (CEA).

This development, particularly the approval of multiple ETF submissions, sparked speculation that the SEC currently views XRP as a product.

People of the contract.

XRP is a product.

I’m ready to lock my son! https://t.co/nio4sc6yo pic.twitter.com/mhkfq6srg8

– Chad Steingraber (@chadsteingraber) February 15th, 2025

Fox Business Journalist Responds

Amidst this speculation, Fox business journalist Eleanor Terrett shared his dissent. According to her, approval does not necessarily imply that the committee considers XRP a product.

She emphasized that the committee only acknowledged that future issuers are seeking to provide products that classify XRP as a product under the securities rapper, which is the ETF itself.

Procrypt journalists say this perception follows a broader trend that allows ETF applications for other cryptocurrencies, such as Solana (SoL), which previously the SEC has classified as security for different enforcement actions. I pointed it out.

Additionally, Terrett said the SEC has suspended the Binance lawsuit over whether certain crypto assets constitute securities. At the same time, its cryptographic task force works to provide regulatory clarity to the industry.

Therefore, she suggested that all cryptographic ETF filings may be allowed to avoid the SEC choosing winners or losers. Despite praise for the recognition of ETF submissions, she emphasizes that reviewing the committee’s view on the XRP regulatory status would be difficult to begin engagement with the application more seriously. did.

XRP is still in the regulatory dilemma

In the meantime, the XRP regulatory classification is currently underway Secv. The Ripple lawsuit remains uncertain. Remember that XRP received legal clarity early in the lawsuit when a federal judge argued that it was not security. However, the SEC did not challenge Judge Analisa Torres’ classification in the XRP appeal.

Nevertheless, some experts believe that the lawsuit could hinder the approval of the XRP ETF unless a resolution is reached. SEC Leadership is currently seeking to end the securities classification dilemma through the Cryptocurrency Task Force.

Recently, we have provided insights into priorities that could provide much needed clarity for the industry. The effort is expected to end uncertainty among regulators in the crypto space, and could resolve all non-Fullard lawsuits against crypto companies like Ripple.