The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a landmark joint ruling that officially classifies XRP as a digital commodity rather than a security. The ruling establishes a new regulatory classification framework for digital assets, clarifies jurisdictional authority, and sets rules for activities such as staking and airdrops. Ripple Chief Legal Officer Stuart Alderoty welcomed the clarification and noted that the market has long awaited this development.