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US Senate Bill Could Officially Classify XRP as a Commodity Under CFTC Oversight


US Senate Bill Could Officially Classify XRP as a Commodity Under CFTC Oversight

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A new bipartisan discussion draft from the U.S. Senate Committee on Agriculture, released on November 10, proposes a clear regulatory framework for digital assets.

The legislation could formally place XRP and other major cryptocurrencies under the oversight of the Commodity Futures Trading Commission (CFTC) as a commodity, a move that could have significant consequences for Ripple and the broader crypto market.

Read the article at CryptoPotato

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